Benefits Of Incorporating A Company
Submitted by on January 1, 1999
Category: Business
Words: 457 | Pages: 2
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The Advantages and Disadvantages of Incorporating a Business
In order to mention all the advantages and disadvantages of incorporating a business, first I should try to explain what a corporation
is. In 1819, Chief Justice Marshall of the United States Supreme court said: " A corporation is an artificial being, invisible, intangible,
and existing only in contemplation of the law." In the Webster’s College Dictionary corporation is defined as "an association of
individuals, created by law and having an existence apart from that of its members as well as distinct and inherent powers and
liabilities." A corporation is divided into many units called shares of stock. The owners of the stock are called stockholders or
shareholders. One of the advantages of incorporating a business is that because a...