Which of the following is a disadvantage of the corporate form of business?
A)A corporation faces difficulty in attracting substantial amounts of funds.
B)The owners of a corporation are subject to unlimited personal liability for the business' debts.
C)Setting up a corporation is more complex and time-consuming than setting up a proprietorship or a partnership.
D)A corporation is said to have limited life.
E)Ownership interests cannot be transferred as easily as proprietorship or partnership interests.

Question

Quizplus · Accepted Answer

Setting up a corporation involves more legal formalities, paperwork, and possibly higher initial costs than setting up a sole proprietorship or a partnership, making it more complex and time-consuming.

Which of the Following Is a Disadvantage of the Corporate