You and your twin brother decide to start a carpentry business called bro & bro carpentry. your business will be a private for-profit corporation whose shares are owned by a few shareholders who are family members, relatives, and friends. bro & bro carpentry is which kind of corporation?

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

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