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One Disadvantage of ________ Is the Initial Cost of Formation

question 52

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One disadvantage of ________ is the initial cost of formation.


Definitions:

Physical Existence

Physical existence refers to the state of being tangible, having a material body or form that can be perceived by the senses.

Gift Inter Vivos

A gift made during the giver's lifetime, as opposed to a bequest or legacy left in a will.

Birthday Gift

An item or service given to someone on the occasion of their birthday without expectation of payment.

Inherits

To receive property, titles, or rights from a deceased person's estate according to a will or as determined by law.

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