Burdensome procedures,reports,and statements required by governments are disadvantages of which of the following?
A)Corporations
B)Limited partnership
C)Sole proprietorships
D)General partnerships

Question

Quizplus · Accepted Answer

Governments often impose high regulatory compliance burdens on corporations, requiring them to follow complex procedures, submit detailed reports and financial statements, and meet various filing and disclosure requirements. These requirements can be time-consuming and costly for corporations, which could be a disadvantage compared to other types of business structures such as sole proprietorships, general partnerships or limited partnerships.

Burdensome Procedures,reports,and Statements Required by Governments Are Disadvantages of Which