Isla is starting a medical consulting business that she'll own and operate by herself. She wants to ensure that making decisions about the business will be fast and easy. Which form of business should she most likely choose?
A) sole proprietorship
B) corporation or joint venture
C) joint venture or syndicate
D) LLP or corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is the best choice for Isla as she wants to have complete control over the decision-making process since she is the only owner. This form of business is easy to set up and maintain, and the owner is personally responsible for all the business's profits and losses. Additionally, there is no need for complex legal formalities, making decision-making faster and more efficient.

Isla Is Starting a Medical Consulting Business That She'll Own