Which form of business is the easiest to start?
A) Corporation
B) Partnership
C) Entrepreneurship
D) Sole proprietorship
E) S-corporation

Question

Quizplus · Accepted Answer

Sole proprietorship is the easiest form of business to start because it does not require any legal formalities, fees or documents. The business is owned and operated by a single person without any distinction between the owner and the business. This makes it easy to set up, manage and dissolve the business. Other forms of business such as corporations, partnerships, and S-corporations require formal registration, legal documentation, fees, and complex operational procedures.

Which Form of Business Is the Easiest to Start