When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship.As the business grew, she realized that she did not want to be personally liable for the business's debts and wanted her business accounts to be separate from her personal accounts.Therefore, she should have:
A)incorporated Stirya
B)found limited partners
C)created a general proprietorship
D)created an S proprietorship
E)franchised the business

Question

Quizplus · Accepted Answer

Incorporating a business is the process of legally separating the business from its owner, which helps in limiting the owner's personal liability for business debts and allows for separate business accounts.

When Linda McAnem Began Stirya, a New York-Based Computer Services