Juan wants to start his own business.He would be most likely to favour organizing his new company as a sole proprietorship if he:
A)expects rapid growth and wants to be able to raise a large sum of money.
B)wants to minimize the financial risk he must accept as the owner of a business.
C)wants to make it easy to attract qualified employees.
D)has a strong desire to be his own boss.

Question

Quizplus · Accepted Answer

Juan's desire to be his own boss is a personal preference and not related to the legal structure of his business. A sole proprietorship would allow him maximum control over decision making and operations of the business.

Juan Wants to Start His Own Business