XACC 291 week 5 dq 1

Financial_Accounting_7e_Ch11.pdf

We are diving deeper and deeper into different areas of accounting. ;Part of the objectives for this week is to focus on corporations. ;To kick start the week answer the following:

Why does a company choose to form as a corporation?

What are the steps required to become a corporation?

What are the advantages and disadvantages of the corporate form of doing business? ;