2007-01-14 10:14:19 · 6 answers · asked by Anonymous in Business & Finance ➔ Corporations
Yes, for the most part. For one, having a corporation can protect the owners' liability in case their business goes under (i.e. The bank won't take their house). When it comes to the workers, they can buy stock in their own company at a discounted rate and earn some money on the side. Also, corporations are usually spread out over large geographical areas, so you're exposed to different view points and different business philosophies.
Also, a corporation has more resources, so they can take more risks and experiment. This enables new technology to get to the public faster.
Another benefit of having plenty of resources is that they are also able to give to charity more and help out in national disasters, as was the case in Hurricane Katrina.
Also, depending on what company you work for, there may be re-imbursement programs that will pay or at least partially pay for the employee's college education.
That's not to say that they're aren't bad sides to corporations. There are definitely some, but there is a bad side to many things.
Overall, in my personal opinion, I choose to say the good outweighs the bad.
2007-01-14 10:36:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes. I encorporated my home business, so that if I get into a car accident, that person can't sue me for every red cent I personally own.
I'm in a completely different tax bracket, too. I keep more than I give up to Uncle Sam and all done legally.
There are bad businesses and good business in the world. We could all learn from the good businesses and not repeat what the bad ones do.
2007-01-14 18:38:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, as long as corporations provide a product or service for which society has demand.
2007-01-14 18:52:33 · answer #3 · answered by CC 7 · 0⤊ 0⤋
yes, and in addition to the reasons state by others, in the place of publicly traded corporations, it is a way to redistribute wealth to the masses. In some countries, very few have the wealth and there is no means for anyone elses to share in the weath, but in the U.S., anyone can get in on the returns.
2007-01-14 19:26:22 · answer #4 · answered by Peaches 4 · 0⤊ 0⤋
Of course...with everybody out to sue everyone these days, a corporation is the only safe way for individuals to do business without the constant risk of being sued personally for stupidity. (ie...McDonald's sued for coffee that's "too hot", food that "made me get fat", etc)
2007-01-14 18:28:19 · answer #5 · answered by Kim K 2 · 1⤊ 0⤋
yes
2007-01-14 18:19:55 · answer #6 · answered by Always Right 7 · 1⤊ 1⤋