Which of the following is an advantage of the corporate form of business when compared to sole proprietorships and partnerships?

Group of answer choices

A) ease of formation lower taxes

B) simpllified paperwork limited liability of owners

B) They simplified limited paperwork liability of owners

Explanation:

This is the most significant property of a company. Insole ownership or an association, the proprietors are answerable for business obligations. If the benefits of the exclusive proprietorship or organization can't fulfill the requirement, loan bosses can pursue every proprietor's close to the home ledger, house, and so on to compensate for any shortfall. Then again, if an enterprise loses on reserves, its proprietors are generally not at risk.

Organizations value many advantages over partnerships and sole ownership; however, there are additionally a few detriments to consider.