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Corporations are protected from liability. Partnerships aren't. If a partnerships is sued, the partners are responsible. It is better to incorporate if you are dealing with the public.
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∙ 9y ago
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Which is an advantage of corporations over strong partnerships?
Corporations can last longer. Corporations have limited liability.
Which of the following is an advantage corporations enjoy over sole proprietorships?
Corporations have an easier time raising money to start or expand a business.
What were the advantages of corporations over partnerships and Why were they good for investors and partners?
Corporations have limited liability.
What were the advantages of corporations over partnerships Why were they good for investors and partners?
Corporations have limited liability.
What were the advantages of corporation over partnerships why were they good for investors and partners?
Corporations have limited liability.
Corporations have advantages over sole proprietorships and partnerships because they?
Can raise large amounts of capital
What is an advantage of partnerships over sole proprietorships?
partnerships generally have more money to invest in starting or expanding a business
What were the advantage of corporations over partnership Why were they good for investors and partner?
Corporations have limited liability.
What is an advantage corporations enjoy over partnerships?
There are several: Corporations have limited liability, they are usually not affected by the death or departure of an executive, and the business decisions do not have to be the consensus of all of the owners.The owners of a corporation don't have to work together to make all of the business decisions.
Which of the following is and advantage of partnerships over sole proprietorships?
Partnerships generally have more money to invest in starting or expanding a business.
What advantages did the north enjoy over the south?
The home field advantage
What is contingent liability insurance?
Liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the corporations or partnerships are responsible. This particular situation may arise when an independent contractor is hired. The business can be held liable for negligent acts of the contractor to the extent that its representatives give directions or exercise control over the contractor's employees.
