Which of the following is a disadvantage of a corporation compared to a sole proprietorship?

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One of the biggest disadvantages of a corporation compared to a sole proprietorship is double taxation of corporate income. The corporation first pays taxes on its profits, and then shareholders pay taxes on any dividends they receive from those profits. This can result in a higher overall tax burden for the company and its owners. Limited liability, difficulty raising start-up money, lack of profitability, and vulnerability in the case of the death of an owner are all potential disadvantages of a sole proprietorship.

Which of the Following Is a Disadvantage of a Corporation