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If you are referring to a sub-chapter S corporation, the major disadvantage is in the amount of paperwork it takes to start. You must create all normal corporate documents (articles of incorporation, shareholder files, etc. - but examples are available online) and that the company must file a separate tax return. You must also file with the state and IRS. In most states you must have three officers. The advantages are that owners are protected in the case of a lawsuit and (if you will believe this...) people are generally more comfortable working with a corporation than a partnership or sole owner.
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Corporation advantages and disadvantages?
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
What is the primary disadvantage of both sole proprietorship and a partnership that a corporation overcomes?
A
A disadvantage of organizing a business as a sole proprietorship?
If your business fails with debts you are personally liable. You only have yourself to blame.
Can a corporation sell its own shares?
Yes. But it's mostly small corporations.
Which form of business organization is taxed twice?
a C corporation the corporation is a separate entity who's profits are taxed then what's left of those profits are distributed/shared by the individual share holders who will be taxed on their individual share of the profits. Where as in a S corporation, subchapter corporation, the corporation entity I believe doesn't get taxed only the individual share holders do. Most small businesses are S corporations.
What is the disadvantage of corporation?
slowness of decison making process
What is a disadvantage of a corporation?
slowness of decison making process
What are the disadvantage of a corporation?
slowness of the decision-making process
Corporation advantages and disadvantages?
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
What would be an advantage and disadvantage of incorporation limited liabilibyt continuous existence lack of mutual agency or double taxation?
limited liability because although its an advantage of incorporation, it can also be a disadvantage. It restricts the ability of a small corporation to borrow money.
What is the primary disadvantage of both sole proprietorship and a partnership that a corporation overcomes?
A
What is the advantage and disadvantage of a tired corporation?
A tired corporation is at a disadvantage because productivity can greatly drop within a short time. One advantage is that employees may suggest ideas that will make some processes less tiring.
What is a SIDCO?
Small Industries Development Corporation
A disadvantage of organizing a business as a sole proprietorship?
If your business fails with debts you are personally liable. You only have yourself to blame.
Disadvantages of multinational corporation?
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.
When was Aichi small-elevator manufacturing corporation created?
Aichi small-elevator manufacturing corporation was created in 1969.
Advantages and disadvantage of privatization of state corporation?
When a state corporation has been privatized there is less bureaucracy. Private companies tend to deliver goods and services more efficiently.
