Читать книгу Start & Run a Restaurant Business - Brian Cooper - Страница 14

Some advantages of a corporation include the following:

• Limited liability. No member of a company is personally liable for the debts, obligations, or acts of the company over and above the amount paid or owed for the purchase of shares, unless he or she has signed a personal guarantee.

• Potential tax benefits. Corporations have access to certain tax benefits that are not available to proprietorships or partnerships.

• Ease of financing. Because of the limited liability mentioned above, many investors feel more secure about putting money into a corporation, knowing that their personal assets are protected.

• Stability. Because a corporation is an entity separate from its shareholders, it does not cease to exist upon the death of a shareholder. In addition, shares can be transferred without disturbing the management of the business.