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Corporations as business organizations

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Explain the benefits/drawbacks of corporations as a form of business organization.

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The corporate form has a number of benefits. For instance, it is a perpetual organization and continues even if the owners and managers change out. It doesn't "die" like individual or get dissolved owners leave or change jobs. The corporation often has professional management that is separate from owners. The corporate form makes it easier to buy and sell ownership. Corporations can often raise money without obligating owners personally and ...

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