Which is true with regards to the disadvantages of the major business organization? * O O Unlimited liability concept always applies both to partnership and corporate form of business O Corporations are subjected to lenient regulations as opposed to a partnership form of business O Partnerships tend to have less organizational cost than corporation due to simpler structure O Partnerships' and corporations' life is always extinguished when one of the partners or corporators die

Which is true with regards to the disadvantages of the major business organization? * O O Unlimited liability concept always applies both to partnership and corporate form of business O Corporations are subjected to lenient regulations as opposed to a partnership form of business O Partnerships tend to have less organizational cost than corporation due to simpler structure O Partnerships' and corporations' life is always extinguished when one of the partners or corporators die

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter15: Partnership Accounting

Section: Chapter Questions

Problem 1TP: While sole proprietorships and corporations are the most popular forms of business organization, the...

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Owners have no personal liability under which legal business structure? A. a corporation B. a partnership C. a sole proprietorship D. There is liability in every legal business structure.
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