Fifteen years ago, Saul started a small business in which he was the only owner. He is looking to change ownership structure because his business has grown exponentially and he would like to expand overseas. Saul knows his overseas expansion will be expensive and he will need investments from people outside the business to make that happen. Saul would likely consider switching to which form of business?
A) an entrepreneurship
B) a sole proprietorship
C) a partnership
D) a corporation

Question

Quizplus · Accepted Answer

Saul should consider switching to a corporation because it is the best option for raising capital through the sale of stocks and attracting investors. A corporation also provides limited liability protection for the owners, which would be beneficial in case the business were to face legal issues or financial difficulties.

Fifteen Years Ago, Saul Started a Small Business in Which