Final answer:
The primary strength of a corporation is limited liability, enabling raised capital and ownership transfer, despite higher taxes and substantial regulations.
Step-by-step explanation:
The primary strength of a corporation is limited liability, which protects the personal assets of the shareholders in the event the corporation fails or faces legal action. This protection encourages investment and allows the corporation to raise capital more efficiently. Moreover, the corporate structure provides longevity because the corporation can continue indefinitely, beyond the lifespan of its founders, and ownership can be easily transferred via stocks. However, corporations are subject to significant government regulations, and incorporation has associated costs that can be quite high, along with a heavier tax burden compared to other business structures.