Corporation has an advantage of limited liability because there aren't that many debts you have to pay and does not last long while Sole proprietorship, Partnership, and franchise have unlimited liability which you have to pay more debts for a long time, you can use personal assets for the other options to pay off your debts. Co-operative is also another option that has Limited Liability as an advantage but since it is not listed here I am not going to talk about it.
Have a nice day. :)
