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Which of the following are advantages of a corporation? ( Check all that apply ) No formal contractual agreement is required to establish a corporation.

Which of the following are advantages of a corporation?

(

Check all that apply

)

No formal contractual agreement is required to establish a corporation.

Owners of the corporation enjoy limited liability.

A corporation may raise funds by selling shares of ownership in the corporation.

The life of the corporation is not limited to the life of the owners or managers.

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