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If the Corporate Form of Business Organization Has So Many

question 54

Essay

If the corporate form of business organization has so many advantages over the sole proprietorship,why is it so common for small businesses to initially be formed as sole proprietorships?


Definitions:

Atrophy

Wasting away of a muscle.

Contract

A legally binding agreement between two or more parties that defines and governs the rights and duties of those parties.

Flex

To bend a limb or muscle or the ability of muscles to contract and cause movement.

Torticollis

A condition also known as "wry neck," characterized by a twisted or tilted neck due to shortened or spasmodic neck muscles.

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