One of the disadvantages of owning a corporation is that
A) you may have limited financial resources and few fringe benefits.
B) creditors will not be able to hold you personally responsible for the corporation's debts.
C) you will likely experience personality conflicts or other disagreements among partners.
D) you must publicly disclose financial information.
E) you will need discipline, putting the company's needs before your own desires.

Question

Quizplus · Accepted Answer

Corporations are required by law to disclose financial information to the public, which includes financial statements and other details about their financial performance. This requirement is intended to provide transparency to investors and the public but can be seen as a disadvantage for those seeking to keep their financial information private.

One of the Disadvantages of Owning a Corporation Is That