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Which of the following is not a disadvantage of a corporation? Group of answer choices Unlike sole proprietorships and partnerships, corporations must pay a tax
Which of the following is not a disadvantage of a corporation?
Group of answer choices
Unlike sole proprietorships and partnerships, corporations must pay a tax on their profits. Then stockholders must pay a personal income tax on profits received as dividends.
Forming a corporation can be a relatively complex and costly process
Because a corporation is essentially a legal person it exists independently of its owners and survives them
Because open corporations are required to submit detailed reports to government agencies and to stockholders, they cannot keep all of their operations confidential.
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