What are the advantages and disadvantages of the different legal forms of business organization? Could the limited

Question:

What are the advantages and disadvantages of the different legal forms of business organization? Could the limited liability advantage of a also lead to an agency problem? Why? prefer?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...