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A business organized as a corporation O is owned by its creditors. O requires that stockholders be personally liable for the debts of the business.
A business organized as a corporation O is owned by its creditors. O requires that stockholders be personally liable for the debts of the business. O is advantaged in terms of raising funds. O is tax advantaged compared to sole proprietorships and partnerships. O is not considered to be a legal entity that is separate from its owners
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Derivatives And Internal Models
Authors: H. Deutsch
4th Edition
1349307661, 9781349307661
