The most common develop of organization for a small service is the corporation.

You are watching: A corporation is a legal entity separate from its owners. true false

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One of the biggest disbenefits of a proprietorship is that it has actually unlimited licapacity.

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TrueFalse

In a general partnership, the partners have actually limitless liability.

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A corporation is a legal entity separate from its owners.

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TrueFalse

Owners of a corporation have actually boundless licapability.

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S corporations have actually more restrictions than execute C corporations.

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Double tax is just one of the disbenefits of a partnership.

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TrueFalse
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