Bertrand runs a small moving company as a sole proprietorship and is considering operating his business through a corporation.What is a disadvantage of the corporation as a business form that Bertrand should consider before proceeding?

Question

Quizplus · Accepted Answer

Corporations often face higher costs associated with filing fees, legal costs, and ongoing regulatory compliance compared to sole proprietorships or partnerships. This is due to the more complex structure and regulatory environment in which corporations operate.

Bertrand Runs a Small Moving Company as a Sole Proprietorship