Denise has an idea for a freelance technical writing business that would provide text for technical journals and websites.She can write anywhere she can connect to the Internet,which will give her flexibility to participate in her other interests.She would not need an office outside of the home because she could see clients at their place of business or talk to them via Skype or another conferencing modality.She does not want to share control of the business because she feels this would harm her creativity.There are no liabilities and very few start-up costs-she already has a computer with an Internet connection.She would like to start her freelance business tomorrow and has prepared emails to send out to potential clients and a web-site,and secured various social media sites to promote the business.What would be the best business form for Denise's business?
A) Partnership
B) Limited-liability company
C) Sole proprietorship
D) Limited partnership

Question

Quizplus · Accepted Answer

A sole proprietorship would be the best business form for Denise's business because she wants to have sole control over the business and there are no liabilities. Additionally, she has very few start-up costs and does not need an office outside of the home, making a sole proprietorship the simplest and most cost-effective business form to establish.

Denise Has an Idea for a Freelance Technical Writing Business