E.I.James is a writer with a best selling novel.He wishes to create a corporation called "James,Inc." He will be the only shareholder.Can James incorporate his business of writing?

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Quizplus · Accepted Answer

Yes, James can incorporate his business of writing as a sole proprietorship. A sole proprietorship is a type of business entity where the owner and the business are considered as the same legal entity. In this case, James will be the only shareholder of his corporation and will be responsible for all debts and liabilities of the company. Additionally, a sole proprietorship has less legal formalities and is generally easier to manage than other types of business entities.

EIJames Is a Writer with a Best Selling Novel