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Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/what-are-the-advantages-of-a-c-corporation-versus-a-sole-proprietorship/ Export date: Fri May 3 4:14:43 2024 / +0000 GMT |
What are the advantages of a C Corporation versus a sole proprietorship?Short question . . . long answer. For the most part, the classic answer, which is also correct, is a C Corporation 1 (or an S Corporation 2) provides limited liability for its owners and management. Either one could provide additional tax benefits. On a less obvious level, having your business in a corporation may provide it with more “respect” in the business community, and may fend off nuisance suits. |
| Excerpt: Short question . . . long answer. For the most part, the classic answer, which is also correct, is a C Corporation (or an S Corporation) provides limited liability for its owners and management. An S Corporation could provide additional tax benefits. On a less obvious level, having your business in a corporation may provide it with more “respect” in the business community, and may fend off nuisance suits. |
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Post date: 2015-07-12 16:14:59 Post date GMT: 2015-07-12 23:14:59 Post modified date: 2019-11-05 17:22:50 Post modified date GMT: 2019-11-06 01:22:50 |
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