Question
The main advantage that corporations have is
limiting liability for owners and stockholders.
giving many owners a say in business decisions.
being inexpensive and easy to establish.
requiring fewer state and federal regulations.
limiting liability for owners and stockholders.
giving many owners a say in business decisions.
being inexpensive and easy to establish.
requiring fewer state and federal regulations.
Answers
GPT-4o mini
The main advantage that corporations have is **limiting liability for owners and stockholders**. This means that the personal assets of the owners and stockholders are protected from the corporation's debts and liabilities, which is a significant benefit compared to other business structures like sole proprietorships or partnerships.