Explain the term corporation and the primary advantages of corporate form of business.

Question

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Answer 1

Question

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

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Answer 2

Question

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

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Answer 3

Question

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

Answer 6

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.

Answer 7

Chapter 11, Problem 1Q

To determine

Explain the term corporation and the primary advantages of corporate form of business.

Answer 8

Expert Solution & Answer

Explanation of Solution

Corporation:

A business concern where there is a separate legal entity and are owned by stockholders are classified as corporation. Transfer of ownership and raising funds are easy in this form of organization. No personal legal liability exists among the shareholders.

The primary advantages of corporate form of business are as follows:

Transferability of ownership is easy in the corporate form of business,
Stockholders has limited liability, and they are not liable for corporation’s debts and,
Investors can purchase or sale their shares in small quantities.