• With a corporation, shareholder liability is limited to the assets of the company, not the debts or obligations, and your personal assets will not be at stake.
• There are a number of tax advantages.
• It’s easier to set up retirement funds and plans.
• The existence of a corporation does not depend on its members. The business can carry on even after the departure or death of its founders or owners.
• Centralized management.
• It’s much easier to transfer ownership of a corporation.
• Capital can be raised through selling stock.