Which of the Following Is not an Advantage of the Corporate

question 148

Multiple Choice

Which of the following is not an advantage of the corporate form of business organization?

• A)No personal liability
• B)Easy to transfer ownership
• C)Favorable tax treatment
• D)Easy to raise funds

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Definitions:

Adverse Possession

A legal principle allowing a person to claim ownership of land after openly occupying it for a specific period, without the owner's consent.

Time Frame

A period during which a series of events or an action is supposed to happen or be completed.

Nonnegligent

Lacking negligence; characterized by the exercise of reasonable care and adherence to a standard of duty.

General Warranty Deed

A type of deed where the seller guarantees they hold clear title to a piece of real estate and have the right to sell it, assuring the buyer against any future claims.