Asked by Eddie Cartwright on Feb 18, 2024
Verified
A disadvantage of a C corporation is that it cannot survive after the demise of its owners.
- Recognizing the impact of the demise of owners on the survival of a C corporation.
- Identifying the potential disadvantages of a C corporation structure.
- Understanding the limitations of a C corporation in terms of its longevity and continuity.
Verified Answer
SA
Stephanie Adams
Feb 18, 2024
Final Answer :
False
Explanation :
A C corporation can survive after the demise of its owners because it has perpetual succession.
Learning Objectives
- Recognizing the impact of the demise of owners on the survival of a C corporation.
- Identifying the potential disadvantages of a C corporation structure.
- Understanding the limitations of a C corporation in terms of its longevity and continuity.
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