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articles and links on this page for free advice about corporations including which type of corporation you should form to best achieve your goals how to file articles of incorporation to become a corporation and how to use a corporation to prevent your personal liability for business debt and more Choosing a corporation as the best form for your business can have many advantages One of the greatest benefits is the decreased personal liability that comes with corporate status In addition corporations in some cases benefit from income tax breaks and a business structure that makes it easy to separate ownership and management control There are also disadvantages to operating your business as a corporation that you should consider If you own a large portion of the shares of a corporation you may suffer from double taxation when the corporate profits and your own income derived from the corporation are taxed separately In addition if corporate formalities are not followed you may not be as 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