Problems with Corporations Include All of the Following EXCEPT

question 1

Multiple Choice

Problems with corporations include all of the following EXCEPT:

• A) the personal assets of owners are at risk.
• B) meetings have to be held periodically and annual reports have to be filed or the corporation will cease to exist legally.
• C) income is taxed to the corporation and is taxed again when it is distributed to owners.
• D) accountants and lawyers must be retained on a continuous basis to ensure the corporation is functioning properly.
• E) corporations are very expensive to form initially.

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