1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlladinOne [14]
2 years ago
14

The reason a professional such as a lawyer or doctor would incorporate his/her business is?

Business
1 answer:
taurus [48]2 years ago
3 0

The reason a professional such as a lawyer or doctor would incorporate his/her business is: to protect his/her other assets with limited liability.

<h3>What is limited liability?</h3>

A limited liability company or partnership is a sort of legal structure for an organization where a corporate loss is restricted to the money invested in those entities (LLC). In other words, if the company fails, the private assets of the owners and investors are not at risk. It is known as Gesellschaft mit beschränkter Haftung in Germany (GmbH).

One of the main benefits of investing in publicly traded corporations is the limitation of liability. Even if a firm later goes bankrupt and still has financial commitments, a shareholder's culpability is limited to the amount of their investment in the company. This is true even if they are fully involved in the company's growth.

Organizations with limited liability can mitigate the impact of economic losses on their assets.

To learn more about limited liability from the given link:

brainly.com/question/16697563

#SPJ4

You might be interested in
A government acquires as an investment a 30-year U.S. Treasury bond having a face value of $10,000. At the end of year 20, with
astraxan [27]

Answer:

$10,200

Explanation:

Based on the information given Assume that it held the bond in a governmental fund, the GOVERNMENT SHOULD REPORT THE BOND AT A VALUE OF THE AMOUNT OF $10,200 reason been that we were told that the bond had a FAIR VALUE of the amount of $10,200.

Therefore the government should report the bond at a value of $10,200.

3 0
3 years ago
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of g
Snezhnost [94]
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of goods will soon follow."
This works because A) the supply of goods rises.
6 0
4 years ago
Read 2 more answers
Given a constant rate of growth of real gdp, what would cause a fall in real gdp per capita?
docker41 [41]

Answer:

Increase in population

Explanation:

When GDP is growing at a constant rate, the only way that real GDP per capita falls is when population growth rate is higher than that of GDP growth rate.

7 0
2 years ago
Select the best answer for the question.
ki77a [65]

D.Red blood cells contain a protein that binds with oxygen.

The protein is called Hemoglobin

6 0
4 years ago
Read 2 more answers
Collisions caused by fatigue are particularly likely to involve
Solnce55 [7]
Collision caused by fatigue are particularly likely to involve MEN.
Previous research studies had shown that men are more likely to drive while drowsy than women. Also, men are almost twice as likely [22% versus 12%] as women to fall asleep while driving as a result of fatigue.<span />
4 0
3 years ago
Other questions:
  • Which situation exemplifies public action?
    8·1 answer
  • Parking in passing require coordination of many different driving skills combined with a continuous blank come over here now bef
    13·1 answer
  • Which standard is for safeguarding of phi specifically in electronic form (ephi)?
    6·1 answer
  • Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. You plan to create a bull spread call (Bu
    10·1 answer
  • You have been working as an intern for your father's construction company and have been asked to sit in the on the company revis
    6·1 answer
  • Paul began his speech as follows: they called lou gehrig the iron horse. this tireless worker played an astounding 2,130 consecu
    9·1 answer
  • Kevin owns one share of Acme, Inc. stock. He purchased the stock three years ago for $29. The stock is currently trading for $29
    5·1 answer
  • A property produces a first year NOI of $100,000 which is expected to grow by 2% per year. If the property is expected to be sol
    10·1 answer
  • Tata Motors is an Indian multinational automotive company headquartered in Mumbai and a core member of the very successful Tata
    15·1 answer
  • Alford Hardware had a profit margin of 12.7% and return on assets of 10.8% in 2022. What was their asset turnover?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!