Ask Question
BusinessBusiness
17 January, 07:03

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

+4
Answers (1)
  1. 17 January, 07:25
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You work for a bakery that sells two items: muffins and cupcakes. the number of muffins and cupcakes in your shop at any given time is stored in the variables muffins and cupcakes, which have been defined for you.
Answers (1)
The production possibilities curve will shift outward (upward, and or, to the right) when a. there is a reduction in labor. b. corporate profits increase. c. economic growth occurs. d. resources are used more efficiently.
Answers (1)
What was the result of japan's trade policies with europe?
Answers (1)
Which of the following is a difference between sociology and psychology? Sociology uses various methods of empirical investigation whereas psychology uses limited critical analyses.
Answers (1)
Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 40,000 52,000? Production in units 41,200 52,300 56,650 The company has 4,000 units of product on hand at July 1.
Answers (1)
New Questions in Business
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
Home » Business » Pods changed from a sole proprietorship to a corporation. what would be a major reason for making this ownership change?
Sign Up Forgot Password?