A local clothing shop has been operating as a proprietorship. The business is growing and now the owner wants to incorporate. Which of the following would NOT be a reason for this owner to incorporate? Select answer from the options below 1.desire to limit the owner's personal liability 2.easy to do and costs very little time and money 3.the ease in transferring shares of the corporation 4.ability to raise capital for expansion
A local clothing shop has been operating as a proprietorship. The business is growing and now the owner wants to incorporate. Which of the following would NOT be a reason for this owner to incorporate? Select answer from the options below 1.desire to limit the owner's personal liability 2.easy to do and costs very little time and money 3.the ease in transferring shares of the corporation 4.ability to raise capital for expansion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A local clothing shop has been operating as a proprietorship. The business is growing and now the owner wants to incorporate. Which of the following would NOT be a reason for this owner to incorporate?
Select answer from the options below
1.desire to limit the owner's personal liability
2.easy to do and costs very little time and money
3.the ease in transferring shares of the corporation
4.ability to raise capital for expansion
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