All of the following are advantages of the corporate form of business except:

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Corporate taxation can be a disadvantage of the corporate form of business as corporations are subject to double taxation. This means that the corporation itself is taxed on its income and the shareholders are also taxed on the income they receive from the corporation in the form of dividends. This can result in a higher overall tax burden for shareholders and make it less attractive for investors. The other options listed (limited liability of shareholders, continuous life, and no mutual agency) are all advantages of the corporate form of business.

All of the Following Are Advantages of the Corporate Form