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Lucia Torres and her husband, Juan, are sole shareholders in a corporation they formed to operate their existing chain of five restaurants. Their corporation earned
Lucia Torres and her husband, Juan, are sole shareholders in a corporation they formed to operate their existing chain of five restaurants. Their corporation earned net income of approximately $150,000 in its first year of operations. One of Lucia's friends suggested to her that she and Juan had made a mistake in incorporating and should operate as a sole proprietorship or partnership. What reason below may Lucia use to support their decision to incorporate
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