The creation of a corporation is usually more formal and technical than the creation of other forms of business organizations, and the operation of a corporation is usually more complex and regulated than other forms of business organizations.
1. Are all of the formalities, technicalities, and regulations worth the benefits that a corporation can provide?
2. Does it depend on the circumstances or the kind of business involved?
3. If the usefulness of a corporation depends on circumstances or the kind of business involved, what circumstances would justify using a corporation to operate a business?
4. What kind of business would justify a corporation?