What are the advantages of setting up a corporation as opposed to a proprietorship or partnership?

What will be an ideal response?


Corporations have limited liability and a greater ability to raise funds.

Economics

You might also like to view...

If a government raises its expenditures by $50 billion and at the same time levies a lump-sum tax of $50 billion, the net effect on the economy will be to

A. increase real GDP by $50 billion. B. increase real GDP by more than $50 billion. C. make no change in real GDP. D. increase real GDP by less than $50 billion.

Economics

Suppose people had been paying $10 for a pizza at Little Weezer's. If their demand increases to the point where they will now pay $15 for the same pizza, then

A) the marginal cost of making pizzas would tend to increase. B) the quantity supplied of pizzas would tend to increase. C) both A and B are true. D) none of the above are true.

Economics

National defense is an example of a _____________________.

Fill in the blank(s) with the appropriate word(s).

Economics

If a nation has a current account surplus and it does not have to make any inpayments or outpayments of official reserves, it must have a:

A. surplus in its capital and financial account. B. balance of payments deficit. C. balance of payments surplus. D. deficit in its capital and financial account.

Economics