One of the best ways to protect your personal assets when opening a business is to form a corporation. The corporation is your best choice when trying to protect your assets because unlike other business entities the corporation is considered a separate legal entity from the business owner. As a separate legal entity, the business owner or shareholders are not responsible for the debts and liabilities that are incurred by the corporation; the corporation is entirely responsible for itself. The only time that the business owners would be responsible for any of the debts and liabilities that the corporation incurred
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