What are some of the advantages of incorporating?

A. Incorporation makes a business more likely to succeed.
B. All businesses are required by law to incorporate.
C. Business owners are protected from liability and lawsuits.
D. Incorporation is the least expensive business structure.

Any dues that are mandatory to be paid off are known as the liabilities of a business. In simple words, the debt that one owes to others is known as the liability.

Incorporation of a business firm is one of the best ways to protect the business owners from use of their personal assets as a way of repayment of the liabilities.

Incorporating also helps the owners to not be sued in their personal capacity, as any disputes of the business are sued in the name of the business.

Hence, option C holds true regarding a liability.

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What are some of the advantages of incorporating? A. Incorporation makes a business more likely to succeed. B. All businesses are required by law to incorporate. C. Business owners are protected from liability and lawsuits. D. Incorporation is the least expensive business structure.

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What is a liability?

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What are some of the advantages of incorporating?

A. Incorporation makes a business more likely to succeed.
B. All businesses are required by law to incorporate.
C. Business owners are protected from liability and lawsuits.
D. Incorporation is the least expensive business structure.