Which advantage of incorporating is most applicable? What are other advantages of organizing as a corporate entity? First answer which advantage of incorporating is most applicable in protecting Bob's personal assets?

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19-04-2022
Business

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Which advantage of incorporating is most applicable? What are other advantages of organizing as a corporate entity? First answer which advantage of incorporating is most applicable in protecting Bob's personal assets?

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anthougo anthougo · Answer 1 · 2022-04-26T13:55:18+02:00

1) One advantage of incorporating that is most applicable in protecting Bob's personal assets is liability protection.

2) Other advantages of organizing as a corporate entity include:

Use of professional managers
Business security and continuity
Easier access to capital.

What is liability protection?

Liability protection refers to the protection offered to members of an incorporated entity, unlike an unincorporated entity.

Members of an incorporated entity enjoy limited liability because their personal assets cannot be used to settle the liability of the corporation.

Thus, one advantage of incorporating that is most applicable in protecting Bob's personal assets is a limited liability or liability protection.

Learn more about limited liability at https://brainly.com/question/13304738

Which advantage of incorporating is most​ applicable? What are other advantages of organizing as a corporate​ entity? First answer which advantage of incorporating is most applicable in protecting​ Bob's personal​ assets?

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What is liability protection?

Otras preguntas

Which advantage of incorporating is most applicable? What are other advantages of organizing as a corporate entity? First answer which advantage of incorporating is most applicable in protecting Bob's personal assets?