Suppose you are forming a business and you need some outside money from other investors. Assume you

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Suppose you are forming a business and you need some outside money from other investors. Assume you have decided to organize the business as a corporation that will issue shares to raise the needed funds. Briefly discuss your most important reason for organizing as a corporation rather than as a partnership. If you had decided to organize as a partnership, what would be your most important reason for not organizing as a corporation?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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