Which of these is a disadvantage of a corporation?
A) It incurs relatively high incorporation fees and high taxes.
B) It requires its owners to have unlimited liability to the firm's debt.
C) It is considered a separate,legal entity from its owner.
D) It is automatically terminated upon the death of its owner.

Question

Quizplus · Accepted Answer

Corporations typically have to pay incorporation fees and higher taxes compared to other business structures, such as sole proprietorships or partnerships.

Which of These Is a Disadvantage of a Corporation