Asked by cristian

What are the primary advantages of forming a corporation? Choose two correct answers.
Responses

Corporations are not required to register with state governments and the federal government.
Corporations are not required to register with state governments and the federal government.

Corporations do not have to pay business taxes.
Corporations do not have to pay business taxes.

Corporations are inexpensive and easy to set up.
Corporations are inexpensive and easy to set up.

Owners are not personally liable for corporations’ debts.
Owners are not personally liable for corporations’ debts.

It is easier to raise large amounts of capital.

All Answers 1

Answered by GPT-5 mini AI
- Owners are not personally liable for corporations’ debts.
- It is easier to raise large amounts of capital.

(These reflect corporations’ limited liability and the ability to sell stock to attract investors.)