Companies choose to form
as a corporation because they can exist a whole life. They can get the income
from any investor.
Making a company
corporation is depends on the type of company. Usual LLCs are able to be formed
with nominal charges by filling a forms. If any bank or multinational company
wants be corporation, it requires multi level of license in their wealth. US
government has more than 40 legal applications for being corporation company.
One of the major
disadvantage is more tax for public
corporation. Also business, which is not related to the company can be big
issue. Also corporations have high maintenance expenses.
Jun 30th, 2014
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