Abina Mensah owns and operates Country Candies. Mensah specializes in making rich, creamy toffees that...

50.1K

Verified Solution

Question

Accounting

Abina Mensah owns and operates Country Candies. Mensah specializes in making rich,
creamy toffees that she packages in attractive gift boxes and sells through the mail. What
would be the advantage to Mensah if she decides to incorporate her business?
Corporations have fewer government restrictions and regulations.
Corporations have guaranteed loans for expansion.
Corporations pay lower and fewer taxes.
Corporations have an enhanced ability to attract financing.
Customers and suppliers would treat her with greater respect if she operated her business as a
corporation instead of a sole proprietorship.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students