Responses
owners have direct and immediate control over daily management of the business.
owners have direct and immediate control over daily management of the business.
the business is subject to little government intervention.
the business is subject to little government intervention.
owners pay fewer taxes than owners of other forms of business.
owners pay fewer taxes than owners of other forms of business.
owners have limited liability for debt.
1 answer
The correct response is:
owners have limited liability for debt.
This means that the personal assets of the owners (shareholders) are protected from the debts and liabilities of the corporation, which is a significant advantage of this business structure.
