In corporations the stockholders are equally liable for the debts of the firm.
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Q9: Possible advantages of incorporating include
1) permanency
2) ease
Q10: If a firm needs additional equity financing
Q11: Partnerships constitute the largest number of firms.
Q12: Partnerships pay tax on their earnings at
Q13: Owners in S corporations or LLCs lack
Q15: Corporate bylaws specify the relationship between the
Q16: Corporations pay a straight 25 percent tax
Q17: The ease of transferring ownership is one
Q19: Stockholders in publicly traded corporations lack limited
Q54: Advantages of the corporate form of business
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