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Which of the Following Are The disadvantages\bold{disadvantages} Of Setting a Corporation?
A)Legal Fees Can Be High and Corporation

Question 54

Multiple Choice

Which of the following are the disadvantages\bold{disadvantages} of setting a corporation?


A) Legal fees can be high and separate tax returns have to be filed for owners and the business.
B) Owners are legally responsible for the liabilities of the corporation.
C) Owners must be involved in day to day running of the business.
D) The business and owners are considered as separate legal entities.

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