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There are many reasons why sole proprietors choose to incorporate a LLC or corporation. Just to mention two of them:

1. Sole proprietors are personally liable for the debts accumulated by their business. Limited Liability is limited personal liability protection. The members of a Limited Liability Company are not personally liable for the debts accumulated by the Limited Liability Company.

2. In some cases businessmen find it more beneficial to be taxed at corporate tax rates.

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