Lance would probably not want to Incorporate his company
Explanation:
Lance is looking for ways to get more capital for his appliance sales and service business. He is very protective of his company's information and fears that it will get into the wrong hands. Lance would probably not want to Incorporate his company
Incorporating a company means legally separating it from one own-self as a owner.That is giving up the ownership of the company.
when a person separates Incorporates a company , he will have to establish separate credit and bank accounts for his company, for which a appropriate business identification is required.
Establishing a corporation involves selling stocks of the company so,the shareholders can become the owners of the company. All the shareholders are required to vote for electing the board of directors who will run the corporation.
