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Answer:
Easier to raise capital
From: bill@enterprise-creations.com
Besides facilitating capital raising, corporations have a different tax structure ... oftentimes a corporate tax rate is lower than the tax rate for a partnership or proprietorship. Partnerships and proprietorships are taxed at individual tax rates.
Further, a corporate structure provides added legal protections for the owners (the shareholders) which a partnership or proprietorship may or may not provide.
From: bill@enterprise-creations.com
Besides facilitating capital raising, corporations have a different tax structure ... oftentimes a corporate tax rate is lower than the tax rate for a partnership or proprietorship. Partnerships and proprietorships are taxed at individual tax rates.
Further, a corporate structure provides added legal protections for the owners (the shareholders) which a partnership or proprietorship may or may not provide.
First answer by ID1252092211.
Last edit by Fastfac.
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