Rachel Hipp is the owner of a successful printing shop Recen

Rachel Hipp is the owner of a successful printing shop. Recently, her business has been increasing and Rachel has been thinking about changing the organization of her business from a proprietorship to a corporation.

Discuss some of the advantages that Rachel would enjoy if she were to incorporate her business.

Are there any drawbacks? Explain.

Solution

Advantages of corporation

Disadvantages

Even though there are some disadvantages, the corporation is the best business structure for a good business willing to expand. The advantages overweigh the disadvantages by a far margin.