Joan is opening a home-based craft business where she makes high-end greeting cards and sells them on Etsy. Because this will remain a small and simple business, which of the following will she likely form?
A) sole proprietorship
B) corporation
C) partnership
D) joint venture

Question

Quizplus · Accepted Answer

Since Joan's business will remain small and simple, a sole proprietorship is the most logical choice. It is the simplest type of business to form, requires very little paperwork and legal documentation, and provides full control and ownership to the individual running the business.

Joan Is Opening a Home-Based Craft Business Where She Makes