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By incorporating Black Water Rafting will be able to sell a minority stake in the company to The Helicopter Line raising funds for future capital expenditures. Furthermore, Black Water Rafting would have funds for future use but also retain decision-making power. Also, another benefit of incorporating is that Mr. Ash and Mr. Chandler will have the ability to issue shares to specific long-term employees, giving them a sense of ownership in the business staving off defections and possibly the creation of additional competition. Moreover, Mr. Ash and Mr. Chandler would limit their personal and vicarious liability should anything go wrong during a trip...
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