Consequences Of Sole Proprietorship
Being corporation there are a few things that come on the easier side like raising Money and transferring Ownership. With the ease of transferring ownership, a corporation can have uninterrupted Life. Larger corporations typically have high payroll and better resources and can seek out focused and better Management.
With all the great advantages there come disadvantages, A corporation is very difficult to get started and the most expensive. When starting and running a corporation there is a lot of government Regulation and more Paperwork. Large corporations bring stress from all different areas, allowing Conflict within the Corporation. Corporations are doubles taxed, through profits and Stocks Corporation is essentially taxed twice. Because corporation are regulated to inform various government agencies and their stock holders there is no confidentiality, allowing other companies to look deep into