Scenario 10-3. Mary Manting is opening her new business. She is offering a day camp/day care summer experience for a newly developed suburb in upscale Yolando. She has little capital and little management experience, and she is concerned with the possibility of lawsuits due to the nature of her business and the unlimited liability that she could then face. She comes to you for business advice.
-In Scenario 10-3, what will be the biggest advantage of establishing her business as a corporation?

Question

Quizplus · Accepted Answer

The biggest advantage of establishing her business as a corporation is limited liability, which protects Mary's personal assets from the business's debts and obligations.