I agree with msc52, my decision would change depending on the corporation type, goals, and the aimed features. For me, I would prefer to have an ownership of the Limited Liability Company (LLC) type due to its advantages in the limited risk potential over the other types. The most important advantage of this type is that my personal holdings are unlinked to the company assets, both are separated safely. This offers me a higher level of security which I would prefer for sure, especially as a new ownership participant in the business market. Also, having non-taxed net profits and losses/failures are the corporate level is another important point to consider. Per businessnewsdaily website: “Under an LLC, members are protected from personal liability for the debts of the business, as long as it cannot be proven that they have acted in an illegal, unethical or irresponsible manner in carrying out the activities of the business.”