Question

The benefit of continuity of existence is an advantage of being organized as a(n):_______

Answer 1

The benefit of continuity of existence is an advantage of being organized as a corporation.

An organization conducts enterprise, realizes net profits or loss, will pay taxes, and distributes profits to shareholders. The earnings of an enterprise are taxed to the agency when earned and then are taxed to the shareholders whilst disbursed as dividends. This creates a double tax.

A company is a well-known connection with a business whereas a corporation is a connection with a specific sort of business entity. An employer is owned through its shareholders whereas an enterprise may be owned both by the commercial enterprise owner in full (sole proprietorship), numerous individuals (partnership), or others (shareholders).

An organization is a form of commercial enterprise organization that doubles as a separate felony entity from its owners. All agencies are organizations, but no longer all companies are always corporations.

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