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My Part Week 5 - ACC281 - Paragraph Format Advantages and...

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Paragraph Format: Advantages and Disadvantages Some of the advantages of the corporate form of doing business are that the owners are separate and distinct from the entity of the corporation. This; however, can also be a disadvantage because the owners no longer have all rights to the company. Other advantages of a company becoming a corporations is that corporations have separate legal existence, there is limited liability to the stockholders, the existence of the corporations depends on the statutes of the state in which it originated. Some of the disadvantages are that corporations have to pay more taxes, the corporations has to follow government regulations, and the existence of the corporation relies on the statues of the state, not on the actual success of the corporation. Reference Used Culhane, T. (, May 2011). Week 4 DQ 7 []. Message posted to https://classroom.phoenix.edu/afm213/secure/view-thread.jspa?threadID=32657678 Kieso, D., Kimmel, P., & Weygandt, J. (2008). Financial Accounting (6 th ed.). Hoboken, NJ: Wiley Outline Format: I.
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