Advantages Separate Legal Entity Limited Liability of Stockholders Transferable Ownership Rights Continuous Life Stockholders Are Not Corporate Agents Ease of Capital Accumulation Disadvantages Governmental Regulation Corporate Taxation
AdvantagesSeparate Legal EntityLimited Liability of StockholdersTransferable Ownership Rights Continuous LifeStockholders Are Not Corporate AgentsEase of Capital AccumulationDisadvantagesGovernmental RegulationCorporate Taxation