Question: 1. What Is the most important difference between a corporation and all other organizational forms? 2. What does the phrase limited liability mean in a

1. What Is the most important difference between a corporation and all other organizational forms?

2. What does the phrase limited liability mean in a corporate context?

3. What are the main advantages and disadvantages of organizing a firm as a corporation?

4. Explain the difference between an S and a C corporation.

5. What is the difference between a public and a private corporation?

6. What is the difference between a primary and a secondary market?

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