Also, starting up your own corporation is much more complex and time-consuming than the other two. A corporation requires a charter and a set of bylaws where the others do not. In conclusion, after reviewing the advantages and disadvantages of the corporation lifestyle, I think that corporations beat out the others. With all things considered, a corporation is the obvious long-term choice, and that fits me the best. Although a corporation would take a lot more to start up, as far as paperwork and capital, I think that it's worth it for the benefits of the long run. ...