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
Q239: A master limited partnership (MLP) is
A) is
Q240: Melanie, Elliot, and Caleb agreed to partner
Q241: Which of the following is an attractive
Q242: Compared to the C corporation, the limited
Q243: One disadvantage of a limited liability company
Q245: Earnings of C corporations can be
A) taxed
Q246: The income generated by S corporations
A) passes
Q247: Which of the following is normally considered
Q248: _ are companies that are similar to
Q249: A separation between ownership and management is
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