We are giving money to large banks owned by public shareholders.

No matter how much the Board tries to do their fiduciary responsibility and have all the homeowners'/shareholders' interests in mind, there will always be at least one crazy person who just doesn't seem to get it.

The company's gains and losses skip taxation at the corporate level and get reported directly on each shareholder's income tax return.

As a shareholder you are not liable.  

Corporate tax is relatively low if you're not doing over $10M/year.The LLC, LP, and S corp are pass through entities so any profits that are made would be distributed through to the Members, Partners, or Share Holders (respectively) and taxed at each individual's income tax bracket. 

Shareholder stuff is more difficult to deal with than member stuff, essentially.  

It spurs growth and can affect so much change, many times among countless people via employees and their families, clients, shareholders, etc.

I remember my old boss made sure each corporation had different officers - mostly employees and always one family members - but he or his wife were always majority share holders.

After all, the current management did a great job in getting to this point.We often hear this viewpoint that companies should be run for the benefit of the shareholders.

It keeps the income in the coporation so people who look at the shareholders' tax returns will not see income from the business unless the C Corp paid them dividends or salaries.