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2) Increase Credibility with Clients and Customers: A business that has "Inc", "Company",
or "Corporation" after its name is generally an indication of a higher degree of professionalism and seriousness
of purpose. The Corporate form of business organization makes it easier to raise capitol and to sell shares of stock.Many
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3)
Tax Deductions: Corporations can reduce the amount of tax that is due to the IRS by deducting any costs or expenses
that are related to the business in the pursuit of profit. These costs include operating expenses, and advertising as well
as salaries, bonuses, medical and retirement payments paid to employees.
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4) Ability to Raise Capitol: Corporations can raise capitol by selling shares
of stock to investors. Capitol can be raised in this way whether a company is a new or an established firm, which seeks to
expand.
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5)
Corporations are Perpetual: A Corporation is the oldest form of business structure. Corporations are business entities
that continue even if the owner dies or decides to sell the business.
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