Pros and Cons of a Corporation | 8 January 2025

In the modern economic landscape, corporations are a dominant form of business organization. A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence. (Sec. 2, RCC)

Author

Alburo Law
January 08, 2025

Corporations offer a range of advantages, including limited liability, access to capital, perpetual existence, enhanced credibility, and the ability to attract talent. However, they also come with drawbacks such as complexity, double taxation, regulatory burdens, potential conflicts of interest, and reduced personal control.

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