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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.

Sagot :

Answer:

a

Explanation:

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Some advantages of incorporating are that the business owners are protected from liability and lawsuits.

What is a liability?

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.

Learn more about liabilities here:

https://brainly.com/question/18484315

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