The advantages of having corporations operating in the Philippines include job creation, economic growth, and foreign investment, while the disadvantages include increased competition, unequal distribution of wealth, and potential harm to local businesses and the environment.
Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.
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The advantages of having corporations operating in the Philippines include job creation, economic growth, and foreign investment, while the disadvantages include increased competition, unequal distribution of wealth, and potential harm to local businesses and the environment.
Answer:
Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.