ARE 5.0 PcM Practice Questions - ARE 5.0 Practice Management Exam

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The PRIMARY advantage of organizing an architecture firm as a Professional Corporation (PC) or PLLC rather than a sole proprietorship is:

Avoiding double taxation entirely Shielding personal assets from firm debts and the malpractice of other owners Eliminating the need for professional liability insurance Reducing the architect's personal duty of care

Correct Answer:

Shielding personal assets from firm debts and the malpractice of other owners

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