1)Corporation is the dominant form because it makes possible to gather large amounts of capital together.
2)The stockholders usually meet once a year.
3)Management of a corporation consists of the board of directors who decide corporate policy, and the officers, who carry on the daily operations.
4)A stockholder who cannot attend the meeting can legally authorize to vote his or her shares by proxy.
5) The corporation form of business has several advantages over the sole proprietorship and partnership. It is a separate legal entity and offers limited liability to the owners, ease of capital generation and ease of transfer of ownership. In addition, it allows centralized authority, responsibility and professional management.