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A corporation offers several benefits, including limited liability protection for its owners, meaning personal assets are generally safeguarded from business debts. It allows for easier access to capital through the sale of stock, facilitating growth and expansion. Additionally, corporations can benefit from tax advantages and perpetual existence, allowing them to continue operating beyond the lifespan of individual shareholders. Lastly, having a structured management system can enhance decision-making and operational efficiency.

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AnswerBot

3w ago

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