Indicate Whether the Following Characteristics of the Corporate Form of Business

question 116

Essay

Indicate whether the following characteristics of the corporate form of business are considered to be an advantage or disadvantage.
1. Separate legal entity
2. Ability to raise capital
3. Continuous life
4. Double taxation of corporate earnings
5. Separation of ownership and management
6. Ease of ownership transfer
7. Government regulation
8. Limited liability of stockholders

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Definitions:

Information

Data, facts, or details obtained through observation, research, or instruction that can be used for analysis, decision-making, or transmission of knowledge.

Plaintiff

The party who initiates a lawsuit seeking legal remedy for an injury or injustice they have suffered.

Arbitration

A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more persons (the arbitrators, arbiters, or arbitral tribunal), by whose decision (the award) they agree to be bound.

Court Trial

A court trial is a formal legal proceeding where a judge (and sometimes a jury) examines the evidence to decide whether the defendant should be held legally responsible for the charges brought against them.