1 points Consider Sophie, an experienced aesthetician, has approached you for advice about starting her own business. Sophie's clients say that she should form the business as a sole proprietorship because it's easy and low cost. Why would you advise Sophie to consider forming her business as a corporation instead of a sole proprietorship? Sophie's personal tax rate would likely be less than that of a sole proprietor O Banks are more likely to lend to corporations than to sole proprietorships Doing so would limit Sophie's financial and legal risks; and a corporation would limit Sophie's personal liability with her business. Having "Ltd." or "Inc." after the company's name would add credibility