Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one day. What obstacle does he face to starting a corporation right away?

High up-front costs
Lack of expertise
Risk to personal assets
Sole liability

A corporation is defined as the entity that earn a profit through selling their goods and services. A obstacle that Webster have to face to starting a corporation right away include option A: High up-front costs.

What is High up-front costs?

In order to start a business, an owner required a sufficient amount of money which is either in the form of cash in hand, bonds or equity shares etc. that particular starting cost is known as the high up-front costs.

This cost is also known as the out-of-pocket costs that is initially include a down payment along with closing costs.

Therefore, correct option is A.

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Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one day. What obstacle does he face to starting a corporation right away? High up-front costs Lack of expertise Risk to personal assets Sole liability

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What is High up-front costs?

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Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one day. What obstacle does he face to starting a corporation right away?

High up-front costs
Lack of expertise
Risk to personal assets
Sole liability