Which of the following is not an advantage of the corporate form of business organization?
A) Limited liability of shareholders
B) Transferability of ownership
C) Unlimited personal liability for shareholders
D) Unlimited life

Question

Quizplus · Accepted Answer

Unlimited personal liability for shareholders is not an advantage of the corporate form of business organization. In fact, one of the primary advantages of the corporate form is limited liability of shareholders, which means that they are not personally responsible for the debts or liabilities of the corporation beyond their investment in the company. Transferability of ownership, unlimited life, and the ability to raise large amounts of capital are all advantages of the corporate form.

Which of the Following Is Not an Advantage of the Corporate