Advantages and Disadvantages of Corporations Flashcards by Emily Schretlen

Q

advantages of corporations (1/7)

A

limited liability

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Q

advantages for corporations (2/7)

A

more money for investment

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Q

advantages for corporations (3/7)

A

size: may be larger due to increased resources

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Q

advantages for corporations (4/7)

A

perpetual life

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Q

advantages for corporations (5/7)

A

ease of ownership change

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Q

advantages for corporations (6/7)

A

ease of attracting talented employees

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Q

advantages for corporations (7/7)

A

separation of ownership from management

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Q

disadvantages of corporation (1/7)

A

high initial costs

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Q

disadvantages of corporation (2/7)

A

extensive paperwork

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Q

disadvantages of corporations (3/7)

A

double taxation

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Q

disadvantages of corporations (4/7)

A

two tax returns

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Q

disadvantages of corporations (5/7)

A

size: may become too inflexible to new ideas

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Q

disadvantages of corporations (6/7)

A

termination difficult

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Q

disadvantages of corporations (7/7)

A

stockholder and board conflict

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