1. The creation of a corporation is usually more formal and technical than the creation of other forms of business organizations, and the operation of a corporation is usually more complex and regulated than other forms of business organizations. Are all of the formalities, technicalities, and regulations worth the benefits that a corporation can provide? Does it depend on the circumstances or the kind of business involved? If the usefulness of a corporation depends on circumstances or the kind of business involved, what circumstances would justify using a corporation to operate a business? What kind of business would justify a corporation? 100 words.
2. One of the negative aspects of the corporate form of doing business is double taxation, which occurs when a corporation pays dividends to shareholders from profits that have already been taxed and the dividends, when received by shareholders, are taxed again. How does the use of a subchapter S corporation address the issue of double taxation? 100 words.
3. What is the difference between a de jure corporation and a de facto corporation, and what is necessary to form each? 100 words.
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