An advantage of a corporation is that (1 point)
-owners have limited liability for debt.
-owners have direct and immediate control over daily management of the business.
-the business is subject to little government intervention.
-owners pay fewer taxes than owners of other forms of business.
Help I'm stuck between a and c
To determine the correct answer between option (a) and option (c), let's break down each option and explain how to arrive at the answer.
Option (a) states that an advantage of a corporation is that owners have limited liability for debt. This means that if the corporation incurs any debts or legal liabilities, the personal assets of the owners are protected, and they are not personally responsible for the corporation's debts. This feature is called "limited liability" and is indeed one of the key advantages of a corporation.
Option (c) suggests that the business is subject to little government intervention. While this can be seen as an advantage, it's not one that is specific to corporations. The level of government intervention can vary across different industries and countries, and it applies to businesses regardless of their legal form (e.g., sole proprietorship, partnership, corporation).
Based on this analysis, it can be concluded that option (a), "owners have limited liability for debt," is the correct answer. This is a distinct feature of corporations that offers protection to the owners' personal assets.
Therefore, the correct option is (a). Owners of a corporation do have limited liability for debt.