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Major disadvantage of operating a corporation

One of the main disadvantages of operating a corporation in relative to operating a sole partnership or proprietorship is that corporations tend to: (i) Offer just limited legal liability to their stockholders. (ii) Utilize specialized management personnel. (iii) Be regulated more extensively by the government. (iv) Lack permanency as the legal entity. (v) Contain less access to the financial capital via sales of bonds or stocks.

Choose the right answer from the above options.

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