Bob Grange has just opened a new pet shop on Main Street. If he selected the easiest and cheapest legal form to start a business, what legal form would Bob have selected
A) partnership
B) joint venture
C) sole proprietorship
D) corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is the easiest and cheapest legal form to start a business. It is owned and operated by one person, and there are no formal filing requirements or organizational meetings necessary.

Bob Grange Has Just Opened a New Pet Shop on Main