Corporations are protected from liability. Partnerships aren't. If a partnerships is sued, the partners are responsible. It is better to incorporate if you are dealing with the public.
Corporations can last longer. Corporations have limited liability.
Corporations have an easier time raising money to start or expand a business.
Corporations have limited liability.
Corporations have limited liability.
Corporations have limited liability.
Can raise large amounts of capital
partnerships generally have more money to invest in starting or expanding a business
Corporations have limited liability.
There are several: Corporations have limited liability, they are usually not affected by the death or departure of an executive, and the business decisions do not have to be the consensus of all of the owners.The owners of a corporation don't have to work together to make all of the business decisions.
Partnerships generally have more money to invest in starting or expanding a business.
The home field advantage
Liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the corporations or partnerships are responsible. This particular situation may arise when an independent contractor is hired. The business can be held liable for negligent acts of the contractor to the extent that its representatives give directions or exercise control over the contractor's employees.