which of the following statements best describes an advantage of the corporate form of doing business? ownership is contractually restricted and is not transferable. the business is free from state regulation. day-to-day management is strictly the responsibility of the directors. the operation of the business may continue indefinitely.

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25-10-2022
Business

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which of the following statements best describes an advantage of the corporate form of doing business? ownership is contractually restricted and is not transferable. the business is free from state regulation. day-to-day management is strictly the responsibility of the directors. the operation of the business may continue indefinitely.

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abhinavjh321 abhinavjh321 · Answer 1 · 2022-11-04T06:04:30-04:00

According to the following claims, one benefit of conducting business through a corporation is that operations can last indefinitely.

Making a living or earning money via the production, acquisition, and sale of goods is known as business. Furthermore, it refers to "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property. Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner.

Informally, the word is frequently used to describe a business, such as a corporation or cooperative. Compared to partnerships and sole proprietorships, corporations.

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