Name Protection: Your specific corporate name cannot be registered by other businesses, adding a layer of brand protection. Limited Personal Liability: A corporation is a separate legal entity from its owners, limiting the personal liability of its directors towards the company’s creditors. Shareholders are not liable for the company’s debts. Perpetual Life: A corporation can continue to exist beyond the lifespan of its founders; Ownership can change hands. Attracting Investors: Corporations are more appealing to investors due to limited liability and easy transfer of shares. Tax Advantages: Corporations often have access to tax advantages and lower tax rates. Access to Capital: Corporations can sell securities to increase capital. Credibility: Incorporating can boost credibility in the eyes of partners and customers. Separate Credit Rating: Regardless of an owner’s personal credit scores, corporations acquire their own credit rating, and may find it easier to obtain corporate credit. Employee Perks: Corporations can offer stock options and retirement plans as part of their benefits package, which can be attractive to potential employees.