Public corporations have double taxation, limited liability for owners, and can raise large amounts of cash by selling stocks or bonds.

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Public corporations are subject to double taxation, where the corporation's profits are taxed, and dividends paid to shareholders are also taxed. They offer limited liability to their owners, meaning shareholders are not personally responsible for the company's debts. Additionally, public corporations can raise significant capital by issuing stocks or bonds to the public.

Public Corporations Have Double Taxation, Limited Liability for Owners, and Can