What are the main disadvantages of the corporate form of organization?
QUESTION
What are the main disadvantages of the corporate form of organization?
The main disadvantage of a corporate form of organization is the complexity in formation of a corporation. The formation of a corporation form of a business organization requires the fulfillment of a lot of legal formalities. Moreover there is a distinction of ownership and management in such an
n where the management might not take care of the interest of the owners.In addition the corporation is subject to a lot of regulations that further increases the complexity of such a business organization.
ANSWER:
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