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BUSINESS CORPORATION

The corporation is a separate legal entity and possesses many characteristics which render it extremely advantageous as a legal form of business:

BUSINESS ADVANTAGES OF THE CORPORATE FORM

Limited financial liability for stockholders. A stockholder's liability is limited to the ount of his stock investment in the corporation.

Continuity of the corporation is unaffected by death or transfer of stock shares by any or all stockholders.

Ease in financing. The corporate form makes it easier to obtain capital by means of either debt or equity financing.

Transferability of ownership can more readily be accomplished with the corporate form as opposed to any other. A shareholder need only sign over his stock certificates to another individual to accomplish this transfer.

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