00:01
What's one advantage to the corporate form of ownership? a, it's expensive to start up, b, unlimited liability, c, the ability to raise large amounts of money through the sale of stocks, or d, double taxation.
00:16
If we look at this right away, you should be able to rule out choices a and b.
00:21
Something being expensive to start is never going to be advantageous to us.
00:25
We don't like spending money.
00:27
Choice d, being taxed twice double taxation, while that doesn't sound.
00:32
Like fun if i have to pay taxes on my money twice.
00:35
That's not advantageous to us.
00:37
So right away, we can rule this down or limit our choices to b and c, unlimited liability or the ability to raise large amounts of money through the sale of stock...