Question

Discuss in detail the relative advantages and limitations of a Company form of business as

compared to a sole proprietary concern and a partnership firm.
​

Answer 1

Answer:

A corporation has the unique advantage of true separation of the owner with the business. This means that the corporation files a separate tax return from its shareholders. In contrast, there is less separation of the business from its owner in a sole proprietorship or partnership structure.

$\\ \\ hope \: it \: will \: help \: u$