Advantages and disadvantages to the corporate form
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Prepare a proposal to the CEO in which you discuss what the advantages and disadvantages to the corporate form of doing business.
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This explains the advantages and disadvantages to the corporate form.
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Corporation
A corporation is a legal entity that is separate from its owners, the shareholders. No shareholder of a corporation is personally liable for the debts, obligations or acts of the corporation. Directors, officers and insiders can bear some liability for their involvement with the corporation. A corporation can be formed at either the federal or provincial level.
A corporation is identified by the terms "Limited", "Ltd.", "Incorporated", "Inc.", "Corporation", or ...
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