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The main advantages of a corporation include limited liability, which protects shareholders from personal financial loss beyond their investment in the company. Corporations also benefit from greater access to capital through the ability to issue stocks and bonds, facilitating expansion and investment opportunities. Additionally, they have a perpetual existence, meaning they can continue to operate independently of changes in ownership or the death of shareholders. This structure can also enhance credibility and attract talent due to its formalized organization and governance.

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3d ago

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What is the profit retention for an s corporation?

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