Why would the owners of a business choose to form a corporation even though they willface double taxation

Explanation below

Explanation:

Business owners gain certain advantages by forming their businesses as a corporation which many see to outweigh different forms of disadvantages.  

1)Deductibility of health insurance premiums that are paid on behalf of owner-employee is part of the ways companies can gain tax advantages

2)Incorporating may help a newly established company to build credulity with the customers in their target markets, vendors, employees and partners.

3)They can be able to raise capital quickly when they sale stocks. Incorporated businesses are better positioned to get bank loans

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