An advantage of a corporation is that A-They have little government regulation. B-Owners have complete control and don't answer to shareholders. C-Owners have limited liability for debt. D-Owners pay fewer taxes than other businesses.
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An advantage of a corporation is that C-Owners have limited liability for debt. This means that the personal assets of the owners are generally protected from the debts and obligations of the corporation. This is a significant advantage over other business structures, such as sole proprietorships or partnerships, where the owners are personally liable for the debts of the business.
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- The advantages of owning a corporation include a. Difficulty in transferring ownership. b. Limited liability. c. Lower taxes. d. Less paperwork.Which of the following statements is CORRECT? One drawback of forming a corporation is that it generally subjects the firm to additional regulations. One disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests. One drawback of forming a corporation is that it makes it more difficult for the firm to raise capital. One advantage of forming a corporation is that it subjects the firm's investors to fewer taxes. One drawback of forming a corporation is that it subjects the firm's investors to increased personal liabilities.What is a disadvantage of the corporate form? Profit O Revenue Owners have very little influence on business decisions O Limited liability
- Which of the following is true of a "Subchapter S Corporation"? The corporation is subject to double taxation. O The company is not really a corporation so it is not a separate entity from the stockholders and does not file a tax return. The owners' personal assets are protected from customers and creditors. O Tax on the business income of the company is paid only by the business. O Owners of the equity of this business are called "debtors".The disadvantages are: (Select all the choices that apply.) A. Income to a corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. B. The life of the business usually ends with the death of any of the owners. C. The corporation is more complicated and more expensive to set up than other business entities. D. Corporate liabilities can be passed on to the shareholders, thus making stock ownership primarily the realm of wealthy investors.Which of the following is not something that corporations can do with their profits? a. Pay income tax to the government b. They can do all of these. c. Pay them to shareholders d. Hold profits within the firm
- Which of the following statements is false concerning forms of businessorganization? a. A corporation has tax advantages over the other forms of businessorganization.b. It is easier for a corporation to raise large sums of money than it isfor a sole proprietorship or partnership.C. A sole proprietorship is an easy type of business to form.d. Owners Of sole proprietorships and partnerships have personalliability for the debts of the business while owners of corporationshave limited legal liability.Do those who are unable or unable to operate under a conventional corporation's limitations have a predisposition toward starting their own business? Is there a reason for this or not?Which of the following is an advantage of a corporation? ANSWER O O O O The earnings of a corporation are not taxed. Transfer of corporation ownership is easy. Startup costs for a corporation are less expenses than other business forms. Stockholders have unlimited liability. I DON'T KNOW YET
- The Principal-Agent Problem arises A) because managers have little incentive to work in the interest of shareholders when this means working against their own self-interest. B) because of the separation of ownership and control in a corporation. C) Both A and B D) None of the aboveOne of the following characteristics of a corporation is deemed a disadvantage. Which is it? a. Ownership transfer b. Double Taxation c. Easy Ability to Raise Capital d. Limited Liability Protection e. None of the above.In the United States, there are three legal categories of firms: sole proprietorships, partnerships, and corporations. Which of the following is an advantage for corporations? O A. Corporations have control by an owner. B. Corporations have no layers of management. Oc. Corporations have no double taxation of income. D. Corporations have greater ability to raise funds. O E. Corporations have unlimited personal liability. Which of the following is a disadvantage for corporations? O A. Corporations have no stockholders. B. Corporations are costly to organize. c. Corporations have no ability to share risk. D. Corporations have unlimited personal liability. O E. Corporations have limited ability to raise funds. O O O O