Following is a list of advantages and disadvantages of the corporate form of business.
1. Ownership and management are separated.
2. Has continuous life.
3. Transfer of ownership is easy.
4. Stockholders’ liability is limited.
5. Double taxation.
6. Can raise more money than a partnership or proprietorship.
7. Government regulation is expensive.
Requirement
1. Identify each quality as either an advantage or a disadvantage.