Question

Describe the advantages and disadvantages of a corporation.

Answer 1

Step-by-step explanation:

The advantages of the corporation structure are as follows: Limited liability. The shareholders of a corporation are only liable up to the amount of their investments. The disadvantages of a corporation are as follows:Double taxation. Excessive tax filings. Independent management.

Answer 2

Step-by-step explanation:

The advantages of the corporation structure are as follows: Limited liability. The shareholders of a corporation are only liable up to the amount of their investments. The disadvantages of a corporation are as follows:Double taxation. Excessive tax filings. Independent management.