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Category: Business Structures

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Incorporation | Benefits and Drawbacks

admin, March 1, 2025

Incorporating a business can bring several benefits, including: 1. Limited Liability: Shareholders’ personal assets are protected from the business’s debts and liabilities. 2. Credibility: Incorporation can enhance a company’s credibility and make it more attractive to investors, customers, and partners. 3. Perpetual Existence: Unlike sole proprietorships or partnerships, a corporation…

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