Which of the Following Is Not an Advantage of Starting

question 185

Multiple Choice

Which of the following is not an advantage of starting a new business as a corporation?

• A)separation of ownership and business liability
• B)enhanced ability to raise funds
• C)ability to share risks
• D)possibility of double taxation

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Definitions:

UCC 3-103(a)(9)

Defines "instrument" within the context of the Uniform Commercial Code, focusing on negotiable instruments, including checks, drafts, and notes, detailing their formal requirements and effects.

Specified

Clearly stated or identified.

Implied

Something suggested or understood without being directly expressed.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.