Startup costs and double taxation are disadvantages of the corporate form of ownership.

Name: Startup costs and double taxation are disadvantages of the corporate form of ownership.
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Startup costs for incorporating a business can be significant due to legal and administrative fees. Additionally, corporations are subject to double taxation, meaning that profits are taxed at both the corporate level and again when distributed as dividends to shareholders.

Startup Costs and Double Taxation Are Disadvantages of the Corporate