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Which is an advantage of corporations over strong partnerships?
Corporations can last longer. Corporations have limited liability.
What is a advantage corporations have over partnerships?
One significant advantage corporations have over partnerships is limited liability, meaning that shareholders are not personally responsible for the company's debts and liabilities beyond their investment in shares. This protection encourages investment and can lead to greater capital raising opportunities. Additionally, corporations can exist indefinitely, allowing for continuity beyond the involvement of individual owners, while partnerships may dissolve if a partner leaves or passes away.
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.
What were the advantage of corporations over partnership Why were they good for investors and partner?
Corporations have limited liability.
Corporations have advantages over sole proprietorships and partnerships because they?
Can raise large amounts of capital
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.
What is an advantage of partnerships over sole proprietorships?
partnerships generally have more money to invest in starting or expanding a business
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 is the advantage of a partnership over a corporation?
One advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.
