Jefferson Anderson is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets. What are some disadvantages of organizing as a corporate entity?
What will be an ideal response?
Some disadvantages of organizing as a corporation are that
• ownership and management are often separated.
• earnings of the corporation are subject to double taxation.
• government regulation is expensive.
• start-up costs are higher than other business forms.
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Indicate whether the statement is true or false
The city of St. Louis buys a golf turf mower for maintaining the city's golf course in Forest Park. The city of St. Louis is in the ________ class of business customers
A) reseller B) producer C) consumer D) facilitator E) government
The loss by of country of its most intelligent and best-educated people is ____________________.
Fill in the blank(s) with the appropriate word(s).
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A) display a cautionary statement that warns against misuse of the franchisor's intellectual properties B) disclose the assumptions underlying the estimates C) register the disclosure document with the FTC prior to its use D) state that all data disclosed is only hypothetical and that actual data will be made available at the earliest