2de6c440_anize_Your_Business___Nolo_com__Main_Drawbacks
[Type of Entity] Regular corporation [Main Advantages] Owners have limited personal liability for business debts Fringe benefits can be deducted as business expense Owners can split corporate profit among owners and corporation, paying lower overall tax rate [Main Drawbacks] 
More expensive to create than partnership or sole proprietorship Paperwork can seem burdensome to some owners Separate taxable entity
Chart: Ways to Organize Your Business | Nolo.com