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prohojiy [21]
3 years ago
15

Darrell inherited a large amount of money from his uncle. darrell wishes to start his own business, and his lawyers encourage hi

m to make it a corporation. what disadvantage of a sole proprietorship are the lawyers trying to avoid?
Business
1 answer:
kompoz [17]3 years ago
6 0

Corporations provide two major benefits over a sole-proprietorship.

1. Corporations are taxed at a different rate than individual incomes. Sole-props are taxed altogether, which can create more tax burden for the owner.

2. Corporations assume all the risk and protect its owners' assets from damages. Sole-props assume all responsibility for the business and all their assets are subject to damages.

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Other things equal, an increase in productivity will Multiple Choice reduce aggregate supply and increase real output. reduce bo
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increase both aggregate supply and real output.

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3 years ago
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4 years ago
An industry experiences a technological advance that improves productivity. This change will result in a(n):
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