Explain why general corporations have become the dominant form of the different types of business ownership

General corporations (sometimes called C corporations) are businesses that are
considered legally separate and distinct from their owners, who are called
stockholders. There are several reasons why general corporations have become the
dominant form of business ownership. First, this form of ownership offers limited
liability to all owners? stockholders are not personally liable for their company's debts.
Second, under articles of incorporation, corporations have unlimited life; general
corporations are unaffected by the death or withdrawal of an owner. Third, there is
the ease of transfer of ownership; stockholder of publicly traded corporations can
withdraw from ownership simply by selling their stock. Fourth, corporations have the
ability to raise financial capital through issuing shares of stocks and bonds, giving them
an advantage when it comes to financing growth. Finally, with their greater financial
resources and the opportunities for career advancement they offer, large corporations
often find it easier to hire highly qualified, specialized professional managers.