Gloria wants to turn her sole proprietorship into a business corporation. Among the things that she must consider are
sole proprietorships must be made into partnerships before they can be made into corporations.
there is a threat of a hostile takeover if she has a private corporation.
double taxation that occurs with corporations.
the cost of dissolving her sole proprietorship will be high.
she has to decide whether or not she will issue shares when the company becomes a corporation.

Question

Quizplus · Accepted Answer

The Answer of Gloria wants to turn her sole proprietorship into a business corporation. Among the things that she must consider are
sole proprietorships must be made into partnerships before they can be made into corporations.
there is a threat of a hostile takeover if she has a private corporation.
double taxation that occurs with corporations.
the cost of dissolving her sole proprietorship will be high.
she has to decide whether or not she will issue shares when the company becomes a corporation.

Gloria Wants to Turn Her Sole Proprietorship into a Business