BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Double taxation of profits. Corporations must pay federal and state income taxes on their profits. In addition, any profits (dividends) paid to stockholders are taxed as personal income, although at a somewhat reduced rate. Cost and complexity of formation.

Detailed explanation-2: -Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.

Detailed explanation-3: -C-Corporation The largest drawback is potential double taxation. A C-Corporation is a separate taxpayer and pays its own taxes. As a result, any income earned by the C-Corporation is first taxed at the entity level and then again at the stockholder level when the net income is distributed to the stockholders.