Question

What is meant by Perpetual existence

Answer 1

Answer:

Perpetual existence* It is a characteristic of a business corporation(s) of having no expiration date, unending, unlimited term of existence.

Answer 2

Answer:

Perpetual existence* It is a characteristic of a business corporation(s) of having no expiration date, unending, unlimited term of existence.

Explanation:

The Main Characteristics of a Company

A company has perpetual existence (i.e. can exist forever) and is a separate legal entity from those who operate it, are employed by it, or are its members/shareholders.

If a corporation has perpetual existence, the corporation will continue even if the shareholders, directors, and officers come and go. This means the corporation is a safer, more stable place for investors to put their money and raises the chances that the investors will see a return on their money.