Do HomeworkAbby Neff Moaila Firefox https homeworkld46503781

Do Homework-Abby Neff- Moaila Firefox https homeworkld-465037816&questionld-6;&fushed;=false&cld-;,: 120% … SAM 3100 Online Spring 2017-2018 Abby Neff 1 1/17/18 8:10 Homework: Chapter 1 Save Homework Score: 0 of 1 pt P 1-4 (book/static) 60118 (5 complete) HW Score: 27.78%, 5 of Question Help What are the main advantages and disadvantages of organizing a firm as a corporation? The advantages are: (Select all the choices that apply) A. There is no im on hen ter of owners a corporation may have, thus a on the corporation to ra se sut start aan so captal B. The life of the busness can contnue beyond the death of any of the owners C. The corporation can use the assets of the owners to pay for corporate lales This attracts smaller nest rs to the corporator D. The liability of the owners is limited to the amount of ther nvestment n te firm Click to select your answer(s) and then click Check Answer Cloar Al Final Check

Solution

Solution:

The advantages are:

A. There is no limit on the number of owners a corporation may have, thus allowing the corporation to raise substantial amounts of capital.

B. The life of the business can continue beyond the death of any of the owners.

D. The liability of the owners is limited to the amount of their investment in the firm

Explanation: --There is a limited liability of owners for all business financial obligations and debts of the firm i.e. the amount of their investment in the firm. Moreover there is a continuous