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Question
question 5
what is one main advantage of incorporating a business?
lower paperwork
unlimited liability
limited liability protection
no need for capital
guaranteed profitability
Incorporating a business offers limited liability protection. Shareholders' personal assets are generally not at risk for the company's debts and obligations. Incorporation usually involves more paperwork, not less. Unlimited liability is a characteristic of sole - proprietorships and partnerships, not corporations. All businesses need capital, and incorporation does not guarantee profitability.
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