Question

Discuss the advantages and disadvantages of incorporation of tha company

Answer 1

Answer:

Advantages

Advantages of Incorporation. ... Advantages of incorporation of a company are limited liability, transferable shares, perpetual succession, separate property, the capacity to sue, flexibility and autonomy. Incorporated businesses offer many more advantages over sole proprietorship companies or partnership companies.

Disadvantages

The disadvantages of a corporation are as follows: Double taxation. Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice. Excessive tax filings