There are a huge number of reasons to form a corporation instead of a general partnership. One of the only positive reasons for forming a partnership is the ease with which one can be formed. General partnerships can be formed with little or no statutory formalities. However, this one advantage is
It is generally not a good idea to be a partner in a general partnership because general partners run the risk of being personally liable for the debts and liabilities of the business. Since a corporation is a separate legal entity, it is liable for its own debts and obligations. Shareholders in a properly run corporation don't face that risk because a corporation offers limited personal liability for its shareholders.