Rebecca Siddoway own and operate Country Candies.Siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail.What would be the advantage to Siddoway if she decides to incorporate her business?
A)Corporations have fewer government restrictions and regulations.
B)Corporations have guaranteed loans for expansion.
C)Corporations pay lower and fewer taxes.
D)Corporations have an enhanced ability to attract financing.
E)Customers and suppliers would treat her with greater respect if she operated her business as a corporation instead of a sole proprietorship.

Question

Quizplus · Accepted Answer

Incorporating a business can enhance its ability to attract financing because it can issue stock and has more avenues to access funds compared to a sole proprietorship.

Rebecca Siddoway Own and Operate Country Candies