The correct answer is D. Freedom to do any business.
A company is a legal entity that is separate from its owners. This means that the company can own property, enter into contracts, and sue and be sued in its own name. The owners of a company are called shareholders, and their liability for the company’s debts is limited to the amount of their investment in the company. This is known as limited liability.
A company also has perpetual succession, which means that it continues to exist even if its shareholders change. This makes it a more attractive option for businesses that want to operate for a long period of time.
Finally, a company can raise capital by issuing shares to the public. This can be a more efficient way to raise money than borrowing from a bank.
In conclusion, the main advantages of incorporating a business as a company are limited liability, perpetual succession, and the ability to raise capital by issuing shares. Freedom to do any business is not an advantage of incorporation, as this is a right that is available to all businesses, regardless of their legal structure.