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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