Relative to sole proprietorships and partnerships, what is a disadvantage of the corporate form of business ownership?
A) It has unlimited liability.
B) It requires more paperwork.
C) It has limited ability to raise financial capital.
D) It has a limited life.

Question

Quizplus · Accepted Answer

Corporations require more paperwork and regulatory compliance compared to sole proprietorships and partnerships, including the need to file articles of incorporation, hold regular meetings, and maintain detailed records.

Relative to Sole Proprietorships and Partnerships, What Is a Disadvantage