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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

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  • Anonymous
    1 decade ago
    Favorite 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).

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