Shareholders can only be held liable for their investment in company shares. Companies can raise financing through the sale of shares. A company can deduct the cost of the benefits it provides. One disadvantage is that the process of creating a corporation requires additional time and funding compared to other forms of organization. Companies are monitored by federal, state and local agencies and, as a result, may have additional documents to comply with. Corporations may have higher taxes and dividends paid to shareholders are not deductible and income may be double