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Korolek [52]
3 years ago
13

What is a corporation? What advantages do corporations have over privately owned business?

History
1 answer:
bazaltina [42]3 years ago
4 0
Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.
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