Advantages:For stockholders:
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Disadvantages:
As your company grows and sells more, it can be expected that there will be more rules and taxes imposed. Also, since this business organization is expected to become larger than others, high start up costs can also be expected.
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Your company is almost guaranteed to prosper if people want to own part of it. Becoming a corporation is the step to take if this is your goal. To the shareholders: If you think the company will do good, what have you got to lose? As long as you don't invest your whole life savings, there's a good chance there will be a positive outcome to your shareholding.
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