A local retail shop has been operating as a sole proprietorship - 10849

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  • Posted on: Tue 12 Jun, 2012
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Request Description

A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate?

A.  ability to raise capital for expansion 

B.  desire to limit the owner’s personal liability 

C.  the prestige of operating as a corporation 

D.  the ease in transferring shares of the corporation’s stock   

 

Solution Description

A local retail shop has been operating as a sole proprietorship. The business