3.9 Business Structures

Question 1

What are the primary advantages of forming a corporation? Select all that apply.Corporations are inexpensive and easy to set up.Corporations are not required to register with state governments and the federal government.It is easier to raise large amounts of capital.Owners are not personally liable for corporations’ debts. Corporations do not have to pay business taxes.

Revolt · Accepted Answer

It is easier to raise large amounts of capital.; Owners are not personally liable for corporations’ debts.

Question 2

Now that their business has become a separate legal entity, Janet and Jose are for the company's debts.

Revolt · Accepted Answer

no longer responsible

Question 3

Use the drop-down menus to complete the statements.

Revolt · Accepted Answer

✔ register with the state; To begin their corporation, they must first .: register with the state; Now that their business has become a separate legal entity, Janet and Jose are for the company's debts.: no longer responsible; As a corporation, they can raise capital by to new shareholders.: selling stock

Question 4

✔ no longer responsible now responsibleX able to eliminate

Revolt · Accepted Answer

✔ no longer responsible

Question 5

sell productsX advertising✔ selling stock

Revolt · Accepted Answer

✔ selling stock

3.9 Business Structures Answers

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