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What advantage does a corporation have over a sole proprietorship or a partnership?
A corporation has the advantage of limited liability, which means that the owners' personal assets are protected from the company's debts and legal obligations. This is not the case for sole proprietorships or partnerships, where the owners are personally liable for the business's liabilities.
What is the least common a corporation sole proprietorship partnership or limited corporation?
partnership
What advantage does a partnership have over a sole proprietorship?
The responsibility is shared.Burden of dept can be shared.
Which of these is a major advantage of a corporation?
Limited liability is a major advantage of a corporation.
A corporation has an advantage over a proprietorship because corporate organization?
limits the liability of each investor
Which of the following is not an advantage of a corporation over a partnership?
Corporations have an easier time raising money to start or expand a business.
What advantage does a corporation have over a sole proprietorship or a partnership?
A corporation has the advantage of limited liability, which means that the owners' personal assets are protected from the company's debts and legal obligations. This is not the case for sole proprietorships or partnerships, where the owners are personally liable for the business's liabilities.
What do partners gain in a corporation?
Partners own a company known as a partnership. A corporation is owned by stockholders. A partnership may decide to become a corporation, giving stock to each of the people who were previously partners. The advantage of this is that partners have a personal liability while stockholders do not.
Can a partnership have directors?
Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.
What is the least common a corporation sole proprietorship partnership or limited corporation?
partnership
Is a partnership or corporation?
T-Mobile is a Corporation.
What has been an advantage of partnership over the sole proprietorships?
No options are given to answer this question.
What advantage does a partnership have over a sole proprietorship?
The responsibility is shared.Burden of dept can be shared.
What distinct advantage does a private or Subchapter S Corporation have over a public corporation?
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Can a corporation be a partner in a partnership?
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
Is T-Mobile a Partnership or Corporation?
T-Mobile is a Corporation.
What were the advantage of corporations over partnership Why were they good for investors and partner?
Corporations have limited liability.
