One of the main reasons the corporation was valued above other forms of business ownership is that it offers limited liability protection. This means the personal assets of the owners (shareholders) are protected from the company's debts, unlike sole proprietorships or partnerships where owners face personal financial risks. Additionally, corporations have easier access to capital through issuing shares, perpetual existence independent of ownership changes, professional management , and enhanced credibility. These advantages make corporations more attractive for investment, stable long-term operations, and risk management compared to other business forms.