Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

which one of the following is a disadvantage of the corporate form of business?

Sagot :

Parrain

A major disadvantage to the corporate form of business is D. Legal requirements

Corporations acquire investments from various shareholders and for that reason, the law tries to protect those shareholders by forcing corporations to go through several legal requirements such as:

  • Corporations must maintain proper accounting records for transparency
  • Corporations must be adequately registered including at a state level
  • Corporations must hold Board meetings and record those meetings to ensure that board members are acting in the best interest of shareholders.

In conclusion, corporations have to go through several legal requirements which can be quite cumbersome as well as expensive. This is therefore a disadvantage to them.

Find out more at https://brainly.com/question/12838396.

The options for this question include:

A) Access to capital

B) Unlimited personal liability for owners

C) Limited firm life

D) Legal requirement

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.