Bertrand Runs a Small Moving Company as a Sole Proprietorship

Multiple Choice

Bertrand runs a small moving company as a sole proprietorship and is considering operating his business through a corporation.What is a disadvantage of the corporation as a business form that Bertrand should consider before proceeding?

A) It is difficult to transfer ownership.
B) Its shareholders cannot be directors.
C) There are higher costs associated with filing fees and legal costs.
D) It has entirely secured debt arrangements.