Chapter 4 Advantages/ Disadvantages of Corporations
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Different goals between managers and owners
Disadvantage of corporation
Ease of transfer of ownership
Advantage of corporation
Expansion potential
Advantage of corporation
Limited liability
Advantage of corporation
Perpetual life
Advantage of corporation
Securing funds is easier than other forms of business
Advantage of corporation
Disclosure of financial statements to the government
Disadvantage of corporation
Expensive to form
Disadvantage of corporation
Double taxation
disadvantage of corporation