difficulty of start up, double taxation, potential loss of control by the founders, and more legal requirements and regulations.
Advantages of corporation include protected assets and heightened credibility. Disadvantages include loss of a personal touch, and ongoing expenses.
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
Advantages of a trendy high-tech corporation are that it would be at the forefront of the business world, giving clients access to the most up-to-date changes in the industry. Disadvantages could be that the corporation may be limited in its ability to evolve and may become irrelevant.
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
There are several different legal forms of a business. One can form a corporation, limited liability corporation, partnership, or sole proprietorship. All of them have advantages and disadvantages.
One advantage to having a modern corporation is the fact that they can better manage their costs and employees based on information from research. A disadvantage to having a modern corporation is the fact that they generally aren't socially responsible.
One disadvantage of a LTD is that they would have to pay Corporation tax on top of any existing taxes.
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One disadvantage to having a multinational corporation is the fact that the business may lose money due to fluctuations with the exchange rate. Another disadvantage is the possibility for unrest in other countries, which will affect doing business.