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Which of the following is a disadvantage of a corporation? A) Unlimited Life B) Unlimited Access...

Which of the following is a disadvantage of a corporation? A) Unlimited Life B) Unlimited Access to Capital C) Unlimited Liability

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Answer #1

Which of the following is a disadvantage of a corporation?

Ans : None of the given options

The disadvantages of a corporation are as follows:

  • Double taxation. Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice.
  • Excessive tax filings. Depending on the kind of corporation, the various types of income and other taxes that must be paid can require a substantial amount of paperwork.
  • Independent management. If there are many investors having no clear majority interest, the management team of a corporation can operate the business without any real oversight from the owners.
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