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Rachel Hipp is the owner of a successful printing shop. Recently, her business has been increasing and Rachel has been thinking about changing the organization

Rachel Hipp is the owner of a successful printing shop. Recently, her business has been increasing and Rachel has been thinking about changing the organization of her business from a proprietorship to a corporation.

Discuss some of the advantages that Rachel would enjoy if she were to incorporate her business.

Are there any drawbacks? Explain.

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