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Grant is analyzing a processing system and he has determined that it is an online processing system and not a batch processing system. Which of the following, then, is not one of the system's characteristics?
C Corporations
A type of corporate structure where the business is taxed separately from its owners, offering limited liability protection to its shareholders.
Tax Advantages
Financial benefits derived from tax laws, which reduce the tax liability of an individual or business.
Limited-Liability
This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.
Articles of Incorporation
Legal documents filed with a governmental body to legally document the creation of a corporation.
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