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Unformatted text preview: proprietorship or a partnership? Your Answer: Instructor Explanation: The advantages of incorporation are unlimited life, easy transfer-ability of ownership interest, limited liability, and ease of raising money in the capital markets. Regulations and double taxation are disadvantages of corporations. Points Received: (not graded) Comments: 5. Question: Which of the following statements is true? Your Answer: Instructor Explanation: Statement c is correct. Sole proprietorships pay personal income tax not corporate tax. The other statements are false. Corporations are subject to limited liability, but are subject to more regulations than the other forms of business organizations. Points Received: (not graded) Comments:...
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- Spring '10