One disadvantage of is the initial cost of starting this form of business organization. O corporations O general partnerships sole proprietorships OO limited partnershipsQUESTION 4 Compared to partnerships and sole proprietorships, a major advantage of a public corporation as a form of business ownership is that it: has the ability to raise more money. is easier and less expensive to form. qualifies for simplified tax treatment. 0000 creates unlimited liability of owners