Define advantage of limited personal liability

Reference no: EM131832694

Question: Part 1: Because Natalie has been so successful with Cookie Creations and her friend Curtis Lesperance has been just as successful with his coffee shop, they conclude that they could benefit from each other's business expertise. Curtis and Natalie next evaluate the different types of business organization. Because of the advantage of limited personal liability, they decide to form a corporation. Natalie and Curtis are very excited about this new business venture. They come to you with information they have gathered about their companies and with a number of questions.

Reference no: EM131832694

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