1. exists indefinitely, and a company can still exist after the original owner and operator quit.
2. Limited debt liability, corporate debt is the debt of the legal person, not the debt of the owner. The owner's debt liability is limited to the amount of his capital contribution.
3. High mobility of ownership,
4. the superior position of the capital market,
The shortcomings of the company:
1. Double taxation: As an independent legal person, the company has to pay enterprise income tax on its profits. After the profits are distributed to shareholders, shareholders have to pay personal income tax.
2. The cost of setting up a company is high: the company law requires a higher level of setting up a company than setting up a sole proprietorship or partnership, and various reports need to be submitted.
3. There is an agency problem: after the separation of the operator and the owner, the operator is called the agent and the owner is called the principal, and the agent may harm the interests of the principal for his own benefit.