1. Business
Unfortunately, however, with a partnership comes unlimited liability and personal disagreements between the partners. In addition, because of this single taxation, the personal assets of the partners are frozen which often creates major problems. ... Best of all, corporations have limited liability, holding only the corporation itself liable to any debts or obligations and freeing all officers and their personal assets from blame and liability. ... Because of the generally large number of owners, job satisfaction also decreases along with strong personal motivation. ... There is a higher taxa...
- Word Count: 3843
- Approx Pages: 15
- Grade Level: High School