Respuesta :

Answer:

Legal

Explanation:

A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets.

Advantages of a corporation include :

  1. they have unlimited liabilities
  2. they have unlimited life. the business doesn't end even after the death of the owners unlike a sole proprietorship
  3. they have more access to capital

Disadvantages of a corporation include :

high cost of setting up

Earnings to shareholders are taxed twice

Otras preguntas