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What are main features of a traditional corporation

What are main features of a traditional corporation

BUSN 420 Final Exam A+

(TCO 10)features of a traditional corporation? What are the main features of a Limited Liability Company? What are the similarities and differences we can look to when trying to determine which entity will best suit our needs in a given situation? In the context of entity selection, discuss the main features of these two entities and compare the liability that a corporation would be exposed to as it relates to shareholders/owners of a corporation as opposed to the members of a limited liability company (LLC). Would your choice change if the situation involved an act of fraud? Why or why not? (Points : 20)

Traditional Corporation is a separate entity that has its own rights and responsibilities. In forming a corporation, potential…