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Today most publicly listed firms (i.e. firms listed and traded on the NYSE or Nasdaq, such as Facebook, Apple) adopt the corporate form of business

Today most publicly listed firms (i.e. firms listed and traded on the NYSE or Nasdaq, such as Facebook, Apple) adopt the corporate form of business organization, not partnership. (1) Name at least two advantages of the corporate form that works better for publicly listed firms relative to partnership; (2) Name at least one disadvantage of the corporate form of business organization compared to partnership.

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