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Which accurately describes advantages of a corporate business structure?

(Select all that apply.)

A. A corporation pays a corporate tax, and that rate may be lower than a personal income tax rate.

B. Owners of a corporation retain complete control of day-to-day business operations.

C. A corporate business structure has a lot more regulations compared to other structures.

D. A corporate business structure allows owners to raise capital by selling shares of stock.



Answer :

GinnyAnswer

Final answer:

Corporations offer access to equity capital, legal entity protection, and the ability to sue and be sued.


Explanation:

Advantages of a corporate business structure include:

  1. Access to equity capital: Corporations can raise capital by selling shares of stock to investors.
  2. Legal entity: The corporation provides protection from liability to individual owners as it is seen as its own entity.
  3. Ability to sue and be sued: A corporation can enter into legal contracts, file for bankruptcy, and has all the rights and responsibilities of an individual.

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