A Local Retail Shop Has Been Operating as a Sole

question 58

Multiple Choice

A local retail shop has been operating as a sole proprietorship.The business is growing and now the owner wants to incorporate.Which of the following is not a reason for this owner to incorporate?

• A)Ability to raise capital for expansion
• B)Desire to limit the owner's personal liability
• C)The prestige of operating as a corporation
• D)The ease in transferring shares of the corporation's stock

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Definitions:

U.S. War on Mexico

A military conflict between the United States and Mexico (1846-1848), leading to significant territorial acquisitions by the U.S.

Border Area

A region located near or along the boundary between two countries, states, or regions.

U.S. Troops

Members of the United States Armed Forces, including soldiers, marines, sailors, and airmen serving domestically and abroad.

Western Settlers

Individuals and families who moved westward across North America, especially during the 19th century, often seeking new opportunities and land.