Organizing as a Corporation Makes It Easier for the Firm

question 45

True/False

Organizing as a corporation makes it easier for the firm to raise capital.This is because corporations' stockholders are not subject to personal liabilities if the firm goes bankrupt and also because it is easier to transfer shares of stock than partnership interests.

---

Definitions:

Consent

Agreement or approval given voluntarily by a competent individual, often informed about the nature and consequences of an action or decision.

Civil Tort Law

The area of law that deals with wrongs or grievances where a person can sue for compensation.

Wrong Medication

An error that involves administering or prescribing a medication that is not the correct one for the patient's condition or specifications.

Health Professions Act

Legislation designed to regulate the practice of health professions, protect public interest, and ensure competent and ethical practice among health professionals.