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abdallaex abdallaex
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8 months ago
Which of the following statements best describes firm organization?


▸

One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership and sole proprietorship. 



▸

One disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation, at both the firm level and the owner level.



▸

Itisgenerally more expensivetoform apartnershipthan a corporation because apartnershiprequires extensive legal documents.



▸

Inalimitedpartnership, the limited partners and general partners are liableonlyforthe amount oftheirinvestment in thepartnership.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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lucypierce86lucypierce86
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8 months ago
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abdallaex Author
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8 months ago
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