What are the major advantage corporations have over other business entities? (Select all answers that are correct.) It is easier for a corporation to raise capital than other forms of businesses. A corporation typically has a limited life. Corporate shareholders are not liable for a firm's debts. Owners of public corporations can easily transfer ownership Corporations have lower agency costs than most other forms of business ownership Corporations have tax advantages compared to other forms of business ownership Corporations have minimal costs associated with set up and reporting