Which of the following are advantages of corporations: Ease of transfer and double taxation Limited liability...
Which of the following are advantages of corporations:
Ease of transfer and double taxation
Limited liability and double taxation
Limited life and limited liability
Ease of transfer and limited liability
Homework Answers
The answer is D. Ease of transfer and limited liability
Corporations are easily transferable because they are divided into number of shares which are freely bought and sold on stock exchange.
They have limited liability as in the event of sold unforseen contignecy and closure of corporation, the amount owed by the corporation shall be limited to the amount of shares owned by the shareholders.
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