You plan to open a business with two of your friends. You would like to form a
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You plan to open a business with two of your friends. You would like to form a corporation, but your friends prefer the partnership form of business. All of the following are advantages of the corporation except:
a. A corporation is a separate, distinct, legal entity.
b. The corporation’s earnings are only taxed once.
c. A corporation has limited liability.
d. Ease of raising capital.
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The correct answer is d Ease of raising capital The corporation form of business has many advantages ...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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