A corporation has limited liability and attracting outside investment is easier relative to sole-proprietorships and partnerships.Two advantages of a corporation relative to sole-proprietorships and partnerships are (1)limited liability and (2)the ability to raise capital and transfer ownership.

Question

Quizplus · Accepted Answer

As stated in the statement, a corporation does have limited liability and it is easier for them to attract outside investment in comparison to sole-proprietorships and partnerships. Therefore, this statement is true.

A Corporation Has Limited Liability and Attracting Outside Investment Is