Ask Question
14 March, 06:52

Pods changed from a sole proprietorship to a corporation. what would be a major reason for making this ownership change?

+2
Answers (1)
  1. 14 March, 10:20
    0
    The major reason for making this type of ownership change is liability protection. A sole proprietor is personally responsible for all the debts his company generates, he can lose everything he has if he generate a big debt. In corporations, there is corporate liability shield which protects the owners of the company from loosing their personal assets as a result of business liability.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Pods changed from a sole proprietorship to a corporation. what would be a major reason for making this ownership change? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers