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Limited Liability

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Subject to lesser monitoring and regulations

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Subject to lesser monitoring and regulations

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the owner can now share tasks/ burden with other partners instead of doing everything by themselves

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Easier to maintain control of the company- less outsiders involved

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Easier to maintain control of the company- less outsiders involved

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From unlimited liability to limited liability

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From unlimited liability to limited liability

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In order to be unaffected by stock price fluctuations, decision-making is more independent.

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could help reduce costs as public companies has a lot of rules and regulations/ paperwork to do and follow

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There is a less regulatory than public company

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limited liability protection, where in a private shareholder's liability is limited to the amount invested

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Lack of continuity

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easier to expand operations and hire more staff

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easier to expand operations and hire more staff

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improve business creditability as incorporated companies often appeared more professional and trustworthy

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improve business creditability as incorporated companies often appeared more professional and trustworthy

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enabling faster decision making as its made by a small group of investors in a private company rather than the thousands of investors influencing decisions in a public company 

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enabling faster decision making as its made by a small group of investors in a private company rather than the thousands of investors influencing decisions in a public company 

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all performance is open to public

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Access to more funding sources