Discuss the four attributes of a corporation. (Answer in not more than 3 sentences)

Corporations possess several key attributes that distinguish them from other forms of business organization. Firstly, limited liability protects shareholders from being personally liable for the corporation's debts, meaning their financial risk is limited to their investment in the company. Secondly, continuity of existence allows corporations to persist beyond the lives of their owners, making them perpetually existing entities; this is essential for long-term business planning and investment. Lastly, the ability to raise capital through the sale of stock enables corporations to gather significant financial resources for expansion and operations, thus facilitating growth and development.