One common reason for partnerships to convert to a corporate form of organization is that the partnership:
A) Faces rapidly growing financing requirements.
B) Wishes to avoid double taxation of profits.
C) Has issued all of its allotted shares.
D) Agreement expires after ten years of use.
Correct Answer:
Verified
Q1: "Double taxation" refers to:
A)All partners paying equal
Q2: A common problem for closely held corporations
Q3: The legal "life" of a corporation is:
A)Coincident
Q5: In the case of a professional corporation,
Q7: A board of directors is elected as
Q8: Corporations are referred to as public companies
Q9: When the management of a business is
Q10: Which of the following statements best distinguishes
Q11: A corporation is characterized by:
A)A legal entity
Q44: Which of the following would correctly differentiate
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