Question

Which of the following statements is most correct? a. One disadvantage of being a sole proprietor is that you must pay corporate taxes, even though you don’t realize the benefits of being a corporation. b. One advantage of forming a corporation is that you have limited liability. c. Corporations face fewer regulations than sole proprietorships. d. Statements b and c are correct. e. None of the statements above is correct.

Answer 1

i'm sorry i cant help

Step-by-step explanation:

i don't know the answer

Answer 2

b. One advantage of forming a corporation is that you have limited liability

Step-by-step explanation:

In the Company form of Business Organization the Shareholders have Limited Liability as compared to Sole Proprietorship and Partnership where the Proprietor and Partners have Unlimited Liability. If the company goes Bankrupt then it’s the Creditors who do not get paid.