Which of the following is normally considered a major disadvantage of the corporate form of business?
A)difficult transfer of ownership.
B)unlimited liability of owners.
C)limited life.
D)double taxation of earnings.

Question

Quizplus · Accepted Answer

Double taxation of earnings is a major disadvantage of the corporate form of business. This means that the corporation pays taxes on its earnings, and then shareholders also pay taxes on any dividends received, resulting in the same earnings being taxed twice.

Which of the Following Is Normally Considered a Major Disadvantage