3. Ease of Transfer of Ownership. Ownership is transferred when shares of stock are sold, and practically no restrictions apply to the sale and purchase of stock is-sued by an open corporation.
4. Perpetual Life. Because a corporation is essentially a legal “person,” it exists in-dependently of its owners and survives them.
5. Specialized Management. Typically, corporations are able to recruit more skilled, knowledgeable, and talented managers than proprietorships and partnerships