Nick wants to start his own business.Nick should consider a sole proprietorship if he:
A)Expects rapid growth and want to be able to raise a large sum of money.
B)Wants to make it easy to attract qualified employees.
C)Wants to be his own boss and can accept unlimited liability.
D)Wants to minimize the financial risk he must accept as the owner of a business.

Question

Quizplus · Accepted Answer

Nick should choose a sole proprietorship if he wants to be his own boss and can accept unlimited liability. This means that he will have complete control over the business and its decisions, but he will also be personally responsible for any debts or legal issues. It is not a good choice if he needs to raise a large sum of money, attract qualified employees or wants to minimize financial risk.

Nick Wants to Start His Own Business