The reason a professional such as a lawyer or doctor would incorporate his/her business is
(1) to protect his/her assets with unlimited liability.
(2) to be assured that another professional firm would not take over and make decisions, similar to a hostile takeover.
(3) to protect his/her other assets with limited liability.
(4) to comply with the law because insurance companies require that they be corporations.
Answers: 2
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The reason a professional such as a lawyer or doctor would incorporate his/her business is
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