All of the Following Are Advantages to Organizing as a Corporation

question 64

Multiple Choice

All of the following are advantages to organizing as a corporation EXCEPT

• A) limited liability.
• B) double taxation.
• C) easy access to capital.
• D) easy to transfer ownership.

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Definitions:

General Rules

Foundational principles or guidelines designed to dictate behavior or regulate procedures in various contexts.

Memorandum of Understanding

A document outlining the preliminary agreements between two or more parties before the finalization of a contract.

Cursive Initials

Handwritten letters of a person's name executed in script as a form of identification or signature.

Ambiguities

Uncertainties or doubts in the meaning or interpretation of words, phrases, or legal provisions.