1-6 Corporation ■ Advantages: UNlimited life O Easy transfer of ownership LImited liability PEase of raising capital Disadvantages ●Doub| e taxation COst of set-up and report filing Copy right C 2002 by Harcourt, Inc. All rights reserved1 - 6 Copyright © 2002 by Harcourt, Inc. All rights reserved. ◼Advantages: ⚫Unlimited life ⚫Easy transfer of ownership ⚫Limited liability ⚫Ease of raising capital ◼Disadvantages: ⚫Double taxation ⚫Cost of set-up and report filing Corporation