Multiple Choice
The reason a professional such as a lawyer or doctor would incorporate his/her business is
A) to be assured that another professional firm would not take over and make decisions, similar to a hostile takeover.
B) to comply with the law because insurance companies require that they be corporations.
C) to protect his/her other assets with limited liability.
D) to protect his/her assets with unlimited liability.
Correct Answer:

Verified
Correct Answer:
Verified
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