Answer:
1. Separate legal entity ⇒ ADVANTAGE
This is an advantage because it means that the owners are not liable for the actions of the company. If the company goes bankrupt for instance, they will not have to pay for it with their own finances.
2. Taxable entity resulting in additional taxes ⇒ DISADVANTAGE
Anything that results in corporations having to pay more taxes is disadvantageous from their point of view.
3. Continuous life ⇒ ADVANTAGE
This is an advantage because it makes accounting for the company easier as well as giving investors more stability in their planning.
4. Unlimited liability of owners ⇒ NOT APPICABLE.
This is not applicable to Corporate ownership but rather to sole proprietorship.
5. Government regulation ⇒ BOTH ADVANTAGE AND DISADVANTAGE
This can be both an advantage and a disadvantage. On the one hand, it can lead to the industry functioning effectively but on the other hand, it could stifle growth with restrictive policies.
6. Separation of ownership and management ⇒ DISADVANTAGE
This is a disadvantage because it gives rise to the Agency problem where management might try to act in their own best interests instead of that of the owners.
7. Ability to acquire capital ⇒ ADVANTAGE
Corporations are better able to acquire capital which is good because it means that they will be able to invest and embark on more projects.
8. Ease of transfer of ownership ⇒ ADVANTAGE
Owners of corporations especially the public ones, are able to transfer ownership quite easily to others through the sale of shares.
