One advantage of the corporate form of organization is that it permits otherwise unaffiliated persons to join together in mutual ownership of a business entity. This objective can be accomplished in other ways (like a partnership), but the corporate form of organization is arguably one of the better vehicles.
Which is generally less expensive to form a corporation or proprietorship?
12/01/2022 · The advantage of a corporation is that liability of stakeholders is limited. The biggest advantage of corporation in comparison to other forms of buisness is the limited liability of the owners of the company or stockholders.
When does a firm have more resources than its competitors?
22/02/2020 · 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 corporate entity shields them from any further liability, so their personal assets are protected. Click to see full answer.
Why is choosing the form of business important?
27/01/2020 · Herein, which of the following is an advantage of the corporate organizational form? Two key advantages of the corporate form over other forms of business organization are unlimited liability and limited life. c. A corporation is a legal entity that is generally created by a state; its life and existence is separate from the lives of its individual owners and managers.. …
Which factor distinguishes the corporate form of organization from a sole proprietorship?
07/07/2013 · 121) Which of the following is an advantage of the corporate form of business when compared to sole proprietorships and partnerships? A. Ease of formation B. Lower taxes C. Simplified paperwork D. Limited liability of owners. 24. (p. 121) Compared to partnerships and sole proprietorships, a major advantage of the C (conventional) corporation as ...
Why is it less expensive to form a corporation than a proprietorship?
It is generally less expensive to form a corporation than a proprietorship because with a proprietorship, extensive legal documents are required. b.... View Answer. The small business owner is often focused on stability and profitability while the entrepreneur is focused on growth and greater presence in the market.
What are financial statements prepared for?
Financial statements are prepared for a range of different business entities. Identify the different entities financial statements can be prepared for. View Answer. Describe the three different forms of business organizations (proprietorships, partnerships, and corporations).
Where did Wom originate?
The concept originated in Germany and was first introduced in the United States in the state... View Answer. Imagine that you work for a small brick-and-mortar business specializing in designer clothing, shoes, and handbags. Your business offers discounted designer clothing and accessories for men and wom...
Where is Just for Kids made?
View Answer. Just-for-Kids, Inc., is a toys and clothes manufacturer based in San Diego, California. The company has received an inquiry from an overseas company to do business. Tom Dodd is the owner of the com...
