✓
Business separate from shareholders
✓
Ability to raise large capital from public or institutions
✓
Shares freely transferable (especially if listed)
✓
Enjoys perpetual succession, ensuring continuity despite changes in shareholding
✗
Heavy regulatory compliance and reporting requirements
✗
Higher cost of formation and ongoing maintenance
✗
Risk of losing control due to dilution of ownership
✗
Sensitive to public and market pressure (if listed)