Your friend hopes to expand her business to multiple locations. It would be best for her to create a1. limited liability company. 2. sole proprietorship. 3. corporation. 4. partnership.

Question

Elle Shepherd

Business

17 August, 06:58

Your friend hopes to expand her business to multiple locations. It would be best for her to create a1. limited liability company. 2. sole proprietorship. 3. corporation. 4. partnership.

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Answers (1)

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Selena Green · Answer 1

3. Corporation

Explanation:

In a corporation form of business, the corporation is viewed as a separate legal entity and a corporation can have many divisions and branches which means it's geographical reach is better than any other forms of business such as proprietorship or partnership.

A Corporation also has better access to raising funds and it's capital is divided into stocks.

Apart from above, the taxation process for a corporation also differs from other forms

Thus, for someone who desires to expand business and reach out to more customers spread over different geographical locations, corporation form of business is recommended.