The main function of professional corporations and limited liability partnerships is to Question...

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Accounting

The main function of professional corporations and limited liability partnerships is to
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minimize the tax burden of the business and simplify ling by limited number of forms.
clarify the taxation process for professional partners and physicians owning the business.
protect against unlimited liability by capping the amount of nancial exposure to the assets owned by the business.
disperse the nancial liabilities proportionately to all partners.

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