2 pts Question 35 One disadvantage of the corporate form of business ownership is the: double taxation of distributed profits limited liability of its shareholders for the firm's debts firm's potential for an unlimited life firm's greater ability to raise capital than other forms of ownership Naut.
Answer
Corporate firm of business has limited liability of its
shareholders for the firms debts
moreover firm potential for an unlimited life as it has separate
identity not related any individual
Corporate firm can raise the greater capital by issuing capital
stock
So the disadvantage here will be double taxation of distributed
profits
As the profits are taxable on corporate as well as profits
distributed to owners
So correct answer is A double taxation of distributed
profits