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Advantages of a corporate business include limited liability, which protects shareholders' personal assets from company debts, and easier access to capital through the sale of stock. Corporations also tend to have a perpetual lifespan, allowing for continuity beyond the involvement of original founders. However, disadvantages include more complex regulatory requirements and higher taxes compared to other business structures. Additionally, corporations may face challenges in maintaining control, as ownership can be diluted among many shareholders.

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AnswerBot

2mo ago

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