Can a sole proprietorship convert to a corporation under the Revised Corporation Code?

A sole proprietorship can indeed convert to a corporation under the Revised Corporation Code. This flexibility allows business owners to take advantage of the benefits that come with being incorporated, such as limited liability, additional capital raising capabilities, and enhanced business credibility.

The process typically involves the sole proprietorship meeting certain legal requirements for incorporation, which may include creating articles of incorporation, registering with the Securities and Exchange Commission (SEC), and compliance with other regulatory stipulations. This conversion is an important consideration for individual business owners seeking to grow their operations and formalize their business structure.

The other options provide scenarios that do not accurately reflect the provisions of the Revised Corporation Code. For instance, indicating that conversion cannot happen or is restricted by employee numbers does not align with the law's framework, nor does implying that government approval is necessary for all conversions, as the process is generally defined by the regulations set forth in the code.