Would it be reasonable for a successful manufacturing firm,started as a sole proprietorship or partnership to eventually adopt the corporate organizational form?

Question

Quizplus · Accepted Answer

As a company grows and becomes more successful, the benefits of incorporation such as limited liability, easier access to capital, and longevity may outweigh the potential disadvantages of double taxation. Additionally, many successful small businesses often incorporate to take advantage of tax benefits, such as the ability to deduct health insurance premiums and retirement plan contributions. Therefore, it would be reasonable for a successful manufacturing firm to eventually adopt the corporate organizational form.

Would It Be Reasonable for a Successful Manufacturing Firm,started as a Sole