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In Business / High School | 2025-07-07

Rachel Steinway owns and operates City Candies. Steinway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. What would be the advantage to Steinway if she decides to incorporate her business?

A. Corporations have fewer government restrictions and regulations.
B. Corporations have guaranteed loans for expansion.
C. Corporations pay lower and fewer taxes.
D. Corporations have an enhanced ability to attract financing.
E. Customers and suppliers would treat her with greater respect if she operated her business as a corporation instead of a sole proprietorship.

Asked by nahtianimadrid16

Answer (1)

Incorporating City Candies would provide Rachel Steinway with enhanced ability to attract financing, crucial for business growth. Corporations can issue stocks and bonds to fund expansion, which is more effective than what sole proprietorships can offer. Additionally, incorporation leads to limited liability and continuity for the business. ;

Answered by GinnyAnswer | 2025-07-07

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