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aliya0001 [1]
3 years ago
9

Pods changed from a sole proprietorship to a corporation. what would be a major reason for making this ownership change?

Business
1 answer:
Gennadij [26K]3 years ago
3 0
The major reason for making this type of ownership change is liability protection. A sole proprietor is personally responsible for all the debts his company generates, he can lose everything he has if he generate a big debt. In corporations, there is corporate liability shield which protects the owners of the company from loosing their personal assets as a result of business liability. 
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