Selena has a talent for making attractive but inexpensive jewellery and wants to set up a small business to sell some of her creations. She asks for your advice about setting up her firm, telling you that she wants to start her business as quickly and inexpensively as possible. In addition, she doesn't want to share control (or profits) with anyone else. Which form of business ownership would you suggest for Selena?
A) corporation
B) limited liability company (LLC)
C) sole proprietorship
D) general partnership

Question

Quizplus · Accepted Answer

A sole proprietorship is the simplest and cheapest form of business ownership, and Selena can have full control over her business without sharing profits or decision-making.

Selena Has a Talent for Making Attractive but Inexpensive Jewellery