contestada

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

Respuesta :

sholanejo

Answer: She should have INCORPORATED her business Stirya.

Explanation: Incorporation in business means an act of creating a body corporate, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.

In this case if Linda incorporates her business, she has some benefits which include; Share par value; Number of authorized shares of stock; Directors; Preferred shares etc. This enables her to protection of personal assets against the claims of creditors and lawsuits.