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Instructions

Question 146

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Instructions
For each characteristic determine if it is an Advantage (A). or Disadvantage (D) to being incorporated.

Premises:
Government regulations
Continuous life
Ability to acquire capital
Potential for deferred or reduced tax
Transferable ownership rights
Limited liability of shareholders
Potential for additional tax
Separate legal entity
Responses:
Advantage
Disadvantage

Correct Answer:

Government regulations
Continuous life
Ability to acquire capital
Potential for deferred or reduced tax
Transferable ownership rights
Limited liability of shareholders
Potential for additional tax
Separate legal entity
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