Question
Explain further the advantage and disadvantage of One Person Corporation. Do not use the work of others. 1. What are the advantages and disadvantages of
Explain further the advantage and disadvantage of One Person Corporation. Do not use the work of others.
1. What are the advantages and disadvantages of One Person Corporation?
Advantage:
- Limited Liability for Business Owners
- Perpetual Existence
- No Minimum Capital Requirement
- Complete Control of the Business
- Easy to manage
- Minimum requirements
Disadvantage:
- Limited to Natural Persons, Trusts, or Estates
- Existing Corporations Are Allowed to Restructure as OPC
- Register a One Person Corporation in the Philippines
- High Tax Rate
- One Person Management
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Constitutional And Administrative Law
Authors: A. Bradley, K. Ewing, Christopher Knight
18th Edition
1292402776, 978-1292402772
