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The Reason a Professional Such as a Lawyer or Doctor

Question 150

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.

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