It lasts a little longer to establish, as it requires more investment and the completion of more legal requirements.
Requires less investment in registering the business and completing few legal requirements
Offers you Personal Asset Protection, which means that you will be personally protected from the company' debts
Personally liable for the company's debts
It has Continuous Existence and a larger-than-life existence, by being a legal entity, separate and distinct from its owners
The business does not live beyond you
Benefit of a greater access to capital: Incorporation builds reputation, which will entice investors and it will be much easier to get loans from financial institutions
You won't benefit of a great access to capital