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What is one advantage corporations have over other types of businesses?
O A. Corporations are the easiest businesses to set up.
B. Corporations have a nearly unlimited life span.
C. Corporations have fewer legal regulations to follow.
O D. Corporations are controlled by only one person.
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Respuesta :

dezavenreardon

Answer:

B

Explanation:

anthougo

ONE advantage corporations enjoy over other business forms is B. Corporations have a nearly unlimited life span.

Corporations do not cease to operate if one or some of the owners die. Each stockholder's shares are transferable by inheritance or sale. Corporations enjoy perpetual existence.

Other advantages of corporations over other business forms are:

  • Shareholders enjoy the protection of personal liability (limited liability of ownership)
  • Shareholders have a business that is professionally managed
  • The business type has easy access to funds.

Unfortunately, corporations are not the easiest to form because of the rigid formalities accompanying their formation and management. Shareholders suffer double taxation because the corporation pays taxes as an entity, and shareholders pay another tax when they receive dividends. The legal regulations are many and time-consuming.

Thus, the unlimited life span of corporations makes them the best form of business since control and ownership of a corporation are not limited to one individual.

Read more: https://brainly.com/question/14497294

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