What are the advantages to a business of being formed as a corporation? What are the disadvantages?

Chapter 1, Questions #2
What are the advantages to a business of being formed as a corporation? What are the disadvantages?

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Related Book For answer-question

Financial Accounting Tools for business decision making

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

ISBN: 978-0470534779