1. The owner is making all the decisions and controlling the whole operations.
2. All profit flows directly to the owner.
3. It is subject to fewer regulations.
1. It is relatively easy to form but considerable amount of time should be invested in developing the partnership agreement.
2. It is easier to raise capital compared to a sole proprietorship as there are more than one investor.
3. Employees may be motivated and attracted to the business by the inventive to become a partner
1. It can raise additional funds through the sale of stock.
2. Shareholders can easily transfer the ownership by selling their stock.
3. Individual owner’ liability is limited to the value of stock they are holding in the corporation.