Alexa has a commercial laundry service that has been growing rapidly.She wants to continue to grow the business,but she needs access to more money and does not want to risk her personal assets.Alexa contacts her lawyer to see if all the legal requirements are met to start the process of
A) partnering.
B) selling her business.
C) incorporating.
D) consulting.
E) corporate opening.

Question

Quizplus · Accepted Answer

Incorporating is the best choice for Alexa as it would provide her with the legal protection of a separate entity and she can raise capital by selling shares of the company without risking her personal assets. This also allows her to keep control of the business while still accessing capital from investors.

Alexa Has a Commercial Laundry Service That Has Been Growing