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3. Large Scale Operation : The capacity of the corporate organizations to raise the funds is comparatively high which provide capital for large scale operations. Hence opens the scope for expansion. 4. Transferability of Shares : In a joint stock company it is easy to transfer shares to anyone. But the same is not permitted to private limited company. 5. Raising of Funds : It is easy to raise a large amount of funds as the number of persons contributing to the capital are more. 6. Social Benefit : It offers employment to a large number of people. It facilitates promotion of various ancillary industries. It also donates money for education, community service. 7. Research and Development : It invests a lot of money on research and development for improved production process, improving quality of product, designing and innovating new products etc.
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