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DISADVANTAGES OF COMPANY| What are disadvantages of forming A Company? |CSEET| Legal Aptitude and Logical reasoning | CS Payal Popli
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In this video-
Teacher's Name - CS Payal Popli
Topic - DISADVANTAGES OF CORPORATE FORM OF ENTERPRISE
Chapter 4 -Elements of Company Law
Subject - Legal Aptitude and Logical Reasoning
CSEET (ICSI)
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The Disadvantages of Forming a Corporation-
Corporations offer a business many advantages, but there are also disadvantages that must be considered. These include loss of control of the business as it moves from privately owned to publicly owned; double taxation if the business is a C corporation; state-required filing fees, written bylaws, and various documents; and determination of and adherence to applicable rules and regulations. These disadvantages are discussed in greater detail below.
Distinct Legal Entity
Double Taxation
Expensive to Form
Complicated to Form
Extensive Rules to Follow
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