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Advantages to Forming a Corporation (Inc)
Both state and federal laws regulate the formation of a corporation.
Perpetual Existence of Corporation
A corporation's life is not dependent on its owners.
Transferability of Ownership
Ownership of a corporation is easily transferable.
Sale of Stock
Capital can be raised through the sale of stock. The sale of stock is regulated securities laws.
Management
Typically, the board of directors will manage the company. The board will select officers to run the company. In a small
business setting with one owner, this person will be a director, an officer, and an owner.
