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What are the advantages of a corporation?


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2015-04-21 08:56:21
2015-04-21 08:56:21

The biggest advantage is that the liability of the owners of the corporations is limited to the extent of their financial involvement. There are many advantages to being a corporation. These advantages include name protection, additional credibility, tax breaks, and perpetual existence.


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Advantages of corporation include protected assets and heightened credibility. Disadvantages include loss of a personal touch, and ongoing expenses.

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One of the main advantages of a corporation is that it is separate from its owners. Corporations also have the advantage of being able to exist if one or more owners quit or pass away. Corporations also have limited liability protection.

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The advantages for customers who are connected to LLC find they have a choice of tax regimes by being offered the choice of being taxed as a sole proprietor, as a partnership, as an S corporation or a C corporation as long as they qualify for such tax preference.

One advantage to having a corporation is the fact that it is its own entity. This means that the business managers aren't liable for their decisions.

Typically, it stands for professional corporation. Some doctors incorporate for taxes advantages, and personal protection from law suits.

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