Takes longer to decide. Ends when Partner dies. Make sure you have a written partnership agreement. A business organized as a legal entity separate from the owners. Liability Ownership Capital Control Objectives Limited 2 to 50 Shares Manager Dividend More Capital available.
Liability is limited to the assets of the company.
Continues when a shareholder dies. There is a limit to the amount of capital. Potential loss of control to management. Much legal paperwork. Higher Tax Burden.