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When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As the business grew, she realized that she did not want to be personally liable for the business's debts and wanted her business accounts to be separate from her personal accounts. Therefore, she should have:(A) Incorporated Stirya(B) Found limited partners(C) Created a general proprietorship(D) Created an S proprietorship(E) Franchised the business

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Answer:

Option "A" is the correct answer to the following statement.

Incorporated Stirya

Explanation:

Incorporation means the formal process of developing a business or a corporate entity.

The benefits of a company's establishment include limited liability, transferable securities, automatic inheritance, independent assets, sue capacity, versatility, and sovereignty.

In this case, Linda does not want to personal liability for business debts and wants to create a separate entity from the business so she chooses incorporation business.

Business organizations are the legal entities being enrolled in the commercial world to perform certain services or sell goods to earn profits and run the business independently. There are various forms of business organizations: partnership, sole proprietorship, company, corporation, and not-for-profit orgaizations.

In the given case, when Linda does not want to be personally liable for the liabilities of the business and wants to create a separate business entity, then the best option for her is Option A. Incorporated Stirya.

The Incorporated Striya is the form of business entity that is incorporated the same as the form of company. The benefits to the owner are:

  • limited liability
  • the securities are easily transferable
  • independent assets from the personal assets of the owner
  • automatic inheritance of new partner, and many more.

To know more about the company or corporation, refer to the link:

https://brainly.com/question/13896400