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Weaknesses of the Common Legal Forms of Business Organization type * ? (Corporation) Owners have limited liability, which guarantees that they cannot lose more than
Weaknesses of the Common Legal Forms of Business Organization type * ? (Corporation) Owners have limited liability, which guarantees that they cannot lose more than they invested Ownership (stock) is readily transferable Taxes are generally higher because corporate income is taxed, and dividends paid to owners O Difficult to give employees longrun career opportunities Income included and taxed on partner's personal tax return Lacks continuity when proprietor dies O
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