Identify the advantages of the corporate form of business. (Check all that apply.) Multiple select question.The correct statement about a corporate form of business is option B. The corporation's life appears in its charter, a legal and required document. Please indicate below how you would like your proxy to vote on your behalf on the resolutions. The correct option is (a). In the case of the corporate form of business organizations, ownership rights can be easily transferred. Once the initial stock is issued, a shareholders' meeting will be convened to adopt bylaws and elect a board of directors. (14) "Corporation" means an entity governed as a corporation under Title 2 or 7. A rendition is a form that provides the appraisal district with taxable business property information. This form includes the business name and location.