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Which of the following statements about business organizations is CORRECT? It's unlikely for a firm to be organized as a corporation when it requires a
Which of the following statements about business organizations is CORRECT?
It's unlikely for a firm to be organized as a corporation when it requires a lot of capital.
It is generally easier to transfer one's ownership interest in a partnership than in a corporation.
A significant risk in starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt.
If a corporation elects to be taxed as an LLC or S corporation, then both it and its stockholders can avoid all federal taxes.
Tax advantages of incorporation offset the corporate shareholders' exposure to unlimited liability.
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