Question

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AN ADVANTAGE OF THE CORPORATION OVER OTHER FORM OF BUSINESS ORGANIZATION IS ...................................................................................................

Answer 1

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Explanation:

Advantages of corporation

1.$\bold{\red{\underline{\underline{Limited\: Liability}}}}$

ㅤㅤㅤㅤlimited liability means that liability of shareholders is limited in case a company is in heavy debt then the personal asset of shareholders can't be sell out to compensate the loss.Liability of shareholders is only upto the face value of shares held by them.

2.$\bold{\blue{\underline{\underline{Transfer\:of\: Interest}}}}$

ㅤㅤㅤㅤThe shareholders of a public company can sell their shares in the share market and convert the shares into cash.

3.$\bold{\purple{\underline{\underline{Perpetual\: Existence}}}}$

ㅤㅤㅤㅤ Perpetual succession or existence means that a company runs even after the death of a director, shareholders doesn't matter because a company is a separate legal entity according to the law it doesn't get affected by death or any incident it going on.

4.$\bold{\orange{\underline{\underline{scope\:for\: Expansion}}}}$

ㅤㅤㅤㅤㅤAs compared to other business organisation a company startup is with huge financial so obviously it have huge financial resources and have many directors,members and each members of a company works towards expansion and growth of a company.

5.$\bold{\green{\underline{\underline{Professional\: Management}}}}$

ㅤㅤㅤㅤㅤㅤA company is a professional management as many employees ,CEO and directors are all together works in a company for salaries.The salaries are higher according to their profession.

Answer 2

Answer:

Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.

Explanation: