If a firm needs additional equity financing through the retention of earnings, it may be advantageous to incorporate.
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Q5: One major advantage of incorporating is permanence.
Q6: The corporate income tax rates increase as
Q7: Owners in which of the following forms
Q8: Since a corporation is responsible for its
Q9: Possible advantages of incorporating include
1) permanency
2) ease
Q11: Partnerships constitute the largest number of firms.
Q12: Partnerships pay tax on their earnings at
Q13: Owners in S corporations or LLCs lack
Q14: In corporations the stockholders are equally liable
Q15: Corporate bylaws specify the relationship between the
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