establishment of price ceilings
Limited liability is a major advantage of a corporation.
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
It allows the corporation to raise capital.
partnership
One advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.
Limited liability is a major advantage of a corporation.
A major advantage of a corporation is the limited liability of the owners. When a stockholder dies, the corporation is not dissolved.
A corporation is perceived as having substantial revenues where a small business wouldn't be. A corporation can likely get financed quicker than a person who has a small business.
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An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
.limits personal risks for investors::
corporation
It allows the corporation to raise capital.
partnership
One advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.
A corporation has limited liability protection, and are typically not personally responsible for business debts. A corporation can live forever, even if an owner dies or sells interest, the corporation can still exist.
No income tax if the corporation also has physical operations in other states