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A business being Incorporated?
If a business is to become incorporated....is it almost like when a country under the commonwealth becomes a republic?
Thanks
1 Answer
- Anonymous1 decade agoFavorite Answer
When a business is incorporated, it's like creating a separate legal person -- a legal entity, distinct and separate from its individual owners, that is capable of entering into contracts and bringing legal action against another legal entity (or be sued by another legal entity).