Which of the following statements is correct? a. One advantage of forming a corp

Question

Which of the following statements is correct?

a. One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a partnership.
b. Corporations face fewer regulations than sole proprietorships
c. One disadvantage of operating a business as a sole proprietor is that the firm is subject to double taxation, at both the firm level and the owner level
d. It is generally less expensive to form a proprietorship than a corporation because, with a proprietorship, extensive legal documents are required.
e. If a partnership goes bankrupt, each partner is exposed to liabilities only up the amount of his or her investment in the business

Explanation / Answer

a

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.