A company's limited liability might be advantageous since it shields shareholders from being held personally liable for the obligations of the business. Furthermore, having a distinct legal identity for a business might be advantageous since it enables it to assume its own obligations and liabilities independently of its owners. The capacity to raise money through the selling of shares might be advantageous since it enables the business to raise funds for development and expansion. Additionally, it enables the business to draw in investors, which is advantageous for those with long-term expansion strategies. The administrative costs of registering a business might be detrimental since they may require additional payments to ASIC in addition to the cost of auditing and preparing