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This is a free sample preview of the essay
The Advantages And Disadvantages Of Incorporating A Business
Beginning of essay
In order to mention all the advantages and disadvantages of
incorporating a business, first I should try to explain what a corporation is.
In 1819, Chief Justice Marshall of the United States Supreme court said: " A
corporation is an artificial being, invisible, intangible, and existing only in
co ....
Middle of essay
....ration of the corporation. They also decide
when and how much of their income to give to the stockholders or shareholders.
Another characteristic that can be an advantage of incorporating a
business is that corporations may be organized for nonprofit organizations such
as colleges, hospitals, and others humanitarian purposes. However, most of the
corporations are organized to earn a profit for stockholders.
The biggest disadvantage of a corporation is that corporations are
subject to taxes..... |
| Number of words: 449 |
Approximate pages: 2 |
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