Avalon Pharmacy has recently been formed to develop a new type of drug treatment for cancer. Previously

Question:

Avalon Pharmacy has recently been formed to develop a new type of drug treatment for cancer. Previously a Avalon has now become a corporation. Describe the various groups that will have an interest in Avalon’s financial statements. What is the difference between a and a corporation? What advantages does the corporate form have over the form of business organization?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...