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Why Should You Consider Incorporation? Corporations and LLC’s are both separate legal entities (business structures) that enjoy certain protections under the law and important benefits. Most people form a legal business structure to safeguard their personal assets. Forming a legal business structure can also provide tax advantages. Some entities provide their employees with rich, tax-free fringe benefits. Others allow a a business owner to provide him- or herself and his or her family with tax-free benefits such as healthcare, life insurance, and housing.
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