Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a corporation. What is one advantage to Torrie of setting up her business as a corporation?

Question

A) By setting up the business as a corporation, Torrie would not face double taxation.
B) By setting up the business as a corporation, Torrie would have the ability to share risk with shareholders.
C) By setting up the business as a corporation, Torrie would have both ownership and control over the business.
D) All of the above would be advantages of setting up her business as a corporation.

Answer 1

Answer: B