Which of the following would be co red an advantage corporation?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter4: Managing Income Taxes
Section: Chapter Questions
Problem 5LTAI
icon
Related questions
Question
100%
Which of the following would be considered an advantage of a
corporation?
O Control of business decisions
O Taxed on your personal income
O Easy to start
O Limited Liability
Transcribed Image Text:Which of the following would be considered an advantage of a corporation? O Control of business decisions O Taxed on your personal income O Easy to start O Limited Liability
Expert Solution
Step 1

Corporation are those business that have separate individual identity from its owners. Corporation can make profits, pay tax and are legally  liable.

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Venture Capital
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Business/Professional Ethics Directors/Executives…
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage
SWFT Corp Partner Estates Trusts
SWFT Corp Partner Estates Trusts
Accounting
ISBN:
9780357161548
Author:
Raabe
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage