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

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Unlimited personal liability for stockholders is a disadvantage of the corporate form of business organization. It means that if the corporation cannot pay its debts, creditors can go after the personal assets of the stockholders to satisfy the debt. Limited liability of stockholders is an advantage because it means that the stockholders are not personally responsible for the debts of the corporation beyond their investment in the company. Transferability of ownership and unlimited life are also advantages of the corporate form of business organization.

Which of the Following Is not an Advantage of the Corporate