What is one advantage unique to corporations?

The advantage unique to corporations lies in their ability to change ownership easily. Ownership in a corporation is represented by shares, which can be bought and sold on the open market or transferred privately among individuals. This transferability allows for a fluid ownership structure where shareholders can enter or exit without disrupting the business operations.

In contrast, other forms of business entities, such as sole proprietorships or partnerships, often involve more complex processes to transfer ownership or may require the approval of other partners or a lengthier dissolution process. This makes corporations particularly appealing to investors and facilitates raising capital since ownership can shift without significant hindrance to the ongoing business activities.

This ease of changing ownership contributes to the corporation's attractiveness to investors and enhances its ability to adapt to market changes or attract new talent and capital.