Which of the following is NOT an advantage of forming a corporation as compared to organizing as a partnership or proprietorship?

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Limited taxation is not an advantage of forming a corporation compared to a partnership or proprietorship. Corporations actually face double taxation, meaning the profits are taxed at the corporate level and then again when distributed as dividends to shareholders. The advantages of forming a corporation include ease of transferring ownership, limited liability of stockholders, and being a separate legal entity distinct from its owners.

Which of the Following Is NOT an Advantage of Forming