Which of the Following Is Not an Advantage to Incorporating

question 34

Multiple Choice

Which of the following is not an advantage to incorporating a business?

• A) Easier access to financial markets
• B) Limited liability
• C) Becoming a permanent legal entity
• D) Profits taxed at the corporate level and the shareholder level

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Definitions:

Different Agreement

Refers to an alternate or varied contractual arrangement distinct from an original or previous one.

Managing Partner

An owner of a partnership who has the authority and responsibility to manage the day-to-day operations of the business.

Partnership Business

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Full Information

A state in which all relevant data and facts are disclosed, allowing for well-informed decision making.