Final answer:
The advantage of a corporate form of business over sole proprietorships and partnerships is the limited liability it affords its owners, protecting their personal assets from business debts and legal actions (d).
Step-by-step explanation:
Advantage of the Corporate Form of Business
An advantage of the corporate form of business when compared to sole proprietorships and partnerships is the limited liabilities of owners. In a corporation, the entity itself is responsible for its debts and obligations, shielding the personal assets of its shareholders from business liabilities. This is in contrast to sole proprietorships and partnerships, where the individual owners could be personally responsible for business debts and liabilities, potentially risking personal assets.
An advantage of the corporate form of business when compared to sole proprietorships and partnerships is limited liabilities of owners. In a corporation, the owners, known as shareholders, are not personally responsible for the debts and liabilities of the business. This means that their personal assets are protected if the business fails or faces legal issues.