✅ Limited Liability Protection – Personal assets of shareholders are safe; liability is limited to the amount invested.

✅ Separate Legal Entity – The company can own assets, open bank accounts, and enter contracts independently.

✅ Easy to Raise Funds – Attracts investors and banks; ideal for startups planning to scale.

✅ Perpetual Succession – Business continues despite changes in shareholders or directors.

✅ High Credibility – More trust from clients, vendors, and institutions compared to other business types.