What is one of the characteristics of a C Corporation regarding ownership?

One of the defining characteristics of a C Corporation is the transferability of ownership through the sale of stock. In a C Corporation, ownership is represented by shares of stock, which can be bought and sold without significantly affecting the corporation's operations. This enables shareholders to easily transfer their ownership interests, thereby enhancing liquidity and allowing for a diverse base of investors.

This characteristic is essential for raising capital, as it allows the corporation to attract new investors who can purchase shares. Additionally, this transferability contributes to the perpetual existence of the corporation; as ownership changes with the buying and selling of stocks, the corporation itself continues to operate independently of the shareholders' individual circumstances.

Other characteristics, such as shared responsibilities and management hierarchy, may vary depending on the corporate structure, but they do not define the fundamental characteristic of ownership transfer in a C Corporation. Permanent operational licenses pertain more to regulatory aspects and are not specifically tied to the ownership features of the corporation.