knowledge check 01\nidentify the primary advantages of the corporate form of business compared to a sole…

knowledge check 01\nidentify the primary advantages of the corporate form of business compared to a sole proprietorship or partnership.\ncheck all that apply\nlimited liability\nability to raise capital\nlower taxes\nless paperwork\nease of incorporation

knowledge check 01\nidentify the primary advantages of the corporate form of business compared to a sole proprietorship or partnership.\ncheck all that apply\nlimited liability\nability to raise capital\nlower taxes\nless paperwork\nease of incorporation

Answer

Answer:

Limited liability, Ability to raise capital

Brief Explanations:

In a corporation, owners have limited liability, protecting personal assets. Also, it can raise capital through selling stocks and bonds, which is harder for sole - proprietorships and partnerships. Corporations usually face higher taxes and more paperwork, and incorporation is not always easy.