it is a legal entity that is completely separate from the parties who own it.

It can be held responsible for its actions

many are businesses with which you do business

shareholders invest money in the business by buying shares of stock

The board of directors oversees the major policies made by the corporation and holds management accountable for achieving them

Incorporation also makes it possible for businesses to raise funds by selling stock. The incorporation also has an advantage over other forms of businesses in getting loans. The corporation has a life separate from the life of its owners. In public corporation, stock is available for sale to the general public

Shareholders might take care of profit without regard for the well-being of employees.

Another drawback to corporation is that it is quite expensive to set up

Eventually as the business continued to grow, the stock was sold on a national level