Compared to Partnerships and Sole Proprietorships, a Major Advantage of the C

question 203

Multiple Choice

Compared to partnerships and sole proprietorships, a major advantage of the C (conventional) corporation as a form of business ownership is that it:

• A) has the ability to raise more money.
• B) is easier and less expensive to form.
• C) qualifies for simplified tax treatment.
• D) creates unlimited liability for its owners.