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Problems with Corporations Include All of the Following EXCEPT

Question 3

Multiple Choice

Problems with corporations include all of the following EXCEPT:


A) the personal assets of owners are at risk.
B) meetings have to be held periodically and annual reports have to be filed or the corporation will cease to exist legally.
C) income is taxed to the corporation and is taxed again when it is distributed to owners.
D) accountants and lawyers must be retained on a continuous basis to ensure the corporation is functioning properly.
E) corporations are very expensive to form initially.

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