1)William Smith is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets. Which advantage of incorporation is most applicable? What are other advantages of organizing as a corporate entity?

a.

2)William Smith is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets. What are some disadvantages of organizing as a corporate entity?

a.

3) List the four basic rights of stockholders.