Jevell B.


Owners' personal assets are protected from business debt and liability

  • Corporations have unlimited life extending beyond the illness or death of the owners
  • Tax free benefits such as insurance, travel, and retirement plan deductions
  • Transfer of ownership facilitated by sale of stock
  • Change of ownership need not affect management
  • Easier to raise capital through sale of stocks and bonds recognized as such in law.


  • More expensive to form than proprietorship or partnerships
  • More legal formality
  • More state and federal rules and regulations