421 discussion question 1

421 Discussion Question 1: Bob has been a self-employed (sole proprietor) in his business for many years. Wanting to be able to pass his business on to his children more efficiently, he incorporates his business as Bobco, Inc., a C corporation. What are some adjustments that Bob will need to make and lessons he will need to learn as he learns to operate as a corporation, not a proprietorship?

 

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