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Which of the following is a disadvantage of corporations? The formation of a corporation can...

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Accounting

Which of the following is a disadvantage of corporations?
The formation of a corporation can be costly and it faces double taxation.
The owners will have unlimited liability for the debts of a corporation.
The owners will have limited access to external funds in a corporation.
The transfer of ownership in a corporation is very difficult.
The life expectancy of a corporation is very short and it lacks continuity.
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