(there’s so much conflicting info about this online 😱 I know the community can get to the bottom of it.)
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Some of the benefits compared to a sole proprietorship are that you can have shareholders, the company doesn’t rest solely in your hands, the company exists after you retire / die, and you’ll have an easier time getting loans and funding. I assume you mean in the US? I only know US laws and FASB / GAAP.. no clue on what the differences are in other countries and IASB
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