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Masja [62]
2 years ago
15

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

Business
1 answer:
Nesterboy [21]2 years ago
7 0

Answer:

(3) to protect his/her other assets with limited liability.

Explanation:

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. Limited liability will be very good option for the professionals such as lawyer and doctors because it provides a sense of security. Limited liability secures the owners from any kind of loss if happens in business. Although, it is obviously much costlier but personal assets of the owners are also secured in the case if the business goes bankrupt therefore, it is the very best option for the professionals.

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The correct answer to this open question is the following.

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