Which business structure is known for its complex regulatory requirements?

The corporation is recognized for its complex regulatory requirements due to the structure's inherent need for formal compliance with various laws and regulations. Corporations are separate legal entities, which means they must adhere to strict governance structures, including holding regular board meetings, maintaining detailed records of corporate activities, and filing annual reports with regulatory agencies.

Moreover, corporations are subject to corporate taxes, and their operations can be closely scrutinized by the government and public stakeholders. This complexity is further amplified when corporations are publicly traded, as they must comply with additional regulations set forth by authorities such as the Securities and Exchange Commission (SEC). These heightened requirements position corporations distinctly from other business structures like partnerships, sole proprietorships, and Limited Liability Companies (LLCs), which enjoy greater flexibility and simpler compliance obligations.