The stocks of Novelties-R-Us,a toy store,are completely owned by the Garcias.When the family elected to move from a sole proprietorship to a corporation,the greatest concern was _____.

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When a sole proprietorship transitions to a corporation, one of the primary concerns is double taxation. This is because corporations are taxed on their profits, and then shareholders are taxed again on dividends they receive from those profits.

The Stocks of Novelties-R-Us,a Toy Store,are Completely Owned by the Garcias.When