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What is a corporation what are the advantages of the setting up a business as a corporation?
Wiki User
∙ 6y ago
A corporation could also be a legal entity, organized under state laws, whose investors purchase shares of stock as evidence of ownership in it. the advantages of the corporation structure are as follows:
Limited liability. The shareholders of a corporation are only liable up to the number of their investments. the corporate entity shields them from any more liability, so their personal assets are protected.
Source of capital. A publicly-held corporation especially can raise substantial amounts by selling shares or issuing bonds.
Ownership transfers. it isn't especially difficult for a shareholder to sell shares during an organization , though this is often often harder when the entity is privately-held.
Perpetual life. there is no limit to the lifetime of a corporation , since ownership of it can undergo many generations of investors.
Pass through. If the corporation is structured as an S corporation, profits and losses are skilled to the shareholders, so as that the corporation doesn't pay income taxes.
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