A major reason many people choose to incorporate is because of the costs
involved and double taxes that must be paid.

Name: A major reason many people choose to incorporate is because of the costs involved and double taxes that must be paid.
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Question

Quizplus · Accepted Answer

Incorporating can provide tax benefits and reduce the overall cost of doing business, as well as allow for better protection of personal assets. Without incorporation, businesses may be subject to double taxation and higher personal liability.

A Major Reason Many People Choose to Incorporate Is Because