Question

juan Williams is a writer with the best-selling novel. juan wishes to create a corporation called"Juan Williams Inc." He will be the only shareholder. Can Juan incorporate his business of writing? a)No, the law requires at least two people to be shareholders of a corporation b)No, the law does not permit a person to, in effect, incorporate himself. c)only if he forms an S corporation d)Yes, this would be the incorporation of a sole proprietorship

Answer 1

d) Yes, this would be the incorporation of a sole proprietorship.

Juan can incorporate his business of writing as a sole proprietorship. In this case, he would be the only shareholder of the corporation. Sole proprietorships can be incorporated, and Juan would have the legal protection and benefits of a corporation while being the sole owner.