Compared to partnerships and sole proprietorships,a major advantage of the C conventional)corporation as a form of business ownership is that it:
A)Has the ability to raise more money.
B)Is easier and less expensive to form.
C)Qualifies for simplified tax treatment.
D)Creates unlimited liability for its owners.

Question

Quizplus · Accepted Answer

A C corporation has the ability to issue stock and raise capital by selling shares to investors. Partnerships and sole proprietorships are limited in their ability to raise money due to the absence of stock ownership.

Compared to Partnerships and Sole Proprietorships,a Major Advantage of the C