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A corporation is capable of continuing indefinitely. Its existence is not affected by the death of shareholders, directors, or officers of the corporation. Ownership in a Corp. or LLC is easily transferable to others, either in whole or in part. Some state laws are particularly corporate-friendly.
Columbia University professor of business Rita McGrath, writing in 2011 in the Harvard Business Review, recommended building "a culture that celebrates intelligent failure". Use. The concept has been widely employed as a metaphor in business, dating back to at least 2001. It is widely used in the technology and pharmaceutical industries.
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