Question

Sonic started as a sole proprietorship, then became a partnership, eventually grew to be a franchisor and later a public corporation. A major advantage of being a public corporation is

Answer 1

The correct answer would be Access to more Capital.

Step-by-step explanation:

A Public corporation or the public company is an entity what has many stock holder which include the general public as well. The liabilities of the company are separated from the stock holders. It is an entity whose shares are listed on the stock exchange to be traded by the people.

The main advantage of the Public Corporations is the access of more capital. As general public buy stocks or shares of the company, they are basically investing their money in the corporation, which increases the capital held by the company.

Public corporations are open for the general public.