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Jeremy and Patricia are a married couple that want to purchase a bakery franchise. Profit for the franchise last year was $1 million. They are

Jeremy and Patricia are a married couple that want to purchase a bakery franchise. Profit for the franchise last year was $1 million. They are considering purchasing the business as a partnership or through a proprietary limited company. What is the benefit of incorporation in these circumstances? A) Corporate tax rate. B) Company registration fees. C) Compliance costs. D) Disclosure obligations. THIS IS A MCQ ANSWER

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