As a result, the corporation offers some unique advantages. Advantages Disadvantages Stockholders have limited liability. Corporations can raise the most investment capital. Corporations have unlimited life. Ownership is easily transferable.
Corporations utilize specialists.
Corporations are taxed twice. Corporations must pay capital stock tax. Starting a corporation is expensive. Corporations are closely regulated by government agencies. In what amounts to double taxation, you must pay taxes on both the income the corporation earns and the income you earn as an individual.