Corporation Advantages Unlimited li Easy transfer of ownership ■ Limited liability Ease of raising capital Disadvantages: ■ Double taxation Cost of set-up and report filing Difficult to define a Separation of Management and Ownership 2013-2-25 1-62013-2-25 1-6 Corporation • Advantages: „ Unlimited life „ Easy transfer of ownership „ Limited liability „ Ease of raising capital • Disadvantages: „ Double taxation „ Cost of set-up and report filing • Difficult to Define: „ Separation of Management and Ownership