Social Sciences, asked by Aayush76661, 3 months ago

Disadvantage of corporation

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Answered by vaishnavi432
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Answer:

A corporation is not for everyone, and it could end up costing you more time and money than it's worth. Before becoming a corporation, you should be aware of these potential disadvantages: There is a lengthy application process, you must follow rigid formalities and protocols, it can be expensive, and you may be double taxed (depending on your corporation structure).

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