A corporate form of business offers several advantages for companies.
Some are: limits liability to amount invested.
Allows for easier change of management.
many people can be part owners. each stock or share represents
one unit of ownership. A large company could have billions of shares
outstanding.
There are a variety of reasons including: i) limited liability; ii) unlimited life; iii) ability to raise capital; iv) increased credibility; v) tax reasons.
A good source of information on this is http://www.corporationsco.com/
A facade, to cover up the corporate interest!
so that the owners are not personally liable for debts of the company
To evade taxes , to hide fraud and to exploit employees.
To get more money and more investor's
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A corporate form of business offers several advantages for companies.
Some are: limits liability to amount invested.
Allows for easier change of management.
many people can be part owners. each stock or share represents
one unit of ownership. A large company could have billions of shares
outstanding.
There are a variety of reasons including: i) limited liability; ii) unlimited life; iii) ability to raise capital; iv) increased credibility; v) tax reasons.
A good source of information on this is http://www.corporationsco.com/
A facade, to cover up the corporate interest!
so that the owners are not personally liable for debts of the company
To evade taxes , to hide fraud and to exploit employees.
To get more money and more investor's