Question

Select a disadvantage of a corporation:
a. More resources to access
b. Minimum liability
c. Meeting complex government requirements
d. Easier to raise money

Answer 1

Answer:

c. Meeting complex government requirements

Explanation:

The process of starting a corporation is long and complex compared to the other forms of business. Numerous legal requirements must be met before a corporation is registered. On most occasions, the founders need to hire a lawyer to assists in the registration process. The legal fee and registration fee makes incorporating a business expense.