One of the advantages of the corporation form of business as opposed to a partnership form is the ease of transferring
a.
Revenue to partners
b.
Gifts
c.
Ownership
d.
perks
Answers
Answer:
The benefits of a close corporation as opposed to a partnership include potentially lower tax rates, limited liability, and the option to sell stock in exchange for ownership of the business to raise capital.Some advantages of partnership over private limited company include ease of establishment and lower costs. A partnership consists of two or more individuals who own a business together and share all its profits and losses, as well as the right to manage and make decisions on behalf of the business.
Explanation:
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Answer:
One of the advantages of the corporation form as opposed to a partnership form of business is the ease of transferring ownership.
Therefore, option (c) is correct.
Explanation:
- Transfer of ownership is way easier in a corporation form than in a partnership form of business.
- In partnership form, when a new partner is acknowledged to or when a partner removes from the partnership, benefits or assets require to be calculated and agreements need to be reformed.
- In a corporation, ownership can be easily transferred by just selling stock. To transfer ownership cash or other consideration will be debited and paid-in capital will be credited.
- Ownership in a corporation form may be assigned by transferring the stock certificate of company to another shareholder. The potential investors may be more interested to invest in a corporation form of business as opposed to a sole partnership, due to the limited accountability protection given to its owners.
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