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Questions and Answers
What is a key feature of a corporation that provides protection to owners from personal liability?
What is a key feature of a corporation that provides protection to owners from personal liability?
- Limited Liability (correct)
- Shared Liability
- Joint Liability
- Unlimited Liability
How are corporate income taxes typically compared to individual income taxes?
How are corporate income taxes typically compared to individual income taxes?
- Capped at a lower rate (correct)
- Exempted from taxation
- The same as individual income taxes
- Higher than individual income taxes
What method does a corporation use to raise funds by selling ownership in the company?
What method does a corporation use to raise funds by selling ownership in the company?
- Equity Financing (correct)
- Crowdfunding
- Debt Financing
- Venture Capital
What is the primary reason for registering a legal entity separate from the owners to do business?
What is the primary reason for registering a legal entity separate from the owners to do business?
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What is the term for a registered legal entity that is separate from the owners?
What is the term for a registered legal entity that is separate from the owners?
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