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Which is not a major legal form of business organization

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Problem 1: Which of the following is not a major legal form of business organization in Canada?

a. S Corporation.

b. Co-operative.

c. Income Trust.

d. Partnership.

e. Corporation.

Problem 2: Which of following is not an advantage of the corporate form of business organization?

a. Unlimited life.

b. Ease of ownership transfer.

c. Ability to raise capital in the equity market.

d. Unlimited liability.

e. Ability to raise capital in the debt market.

Reference no: EM133012307

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