An entrepreneur who wishes to start a business with little delay or hassle,and who wants to be his or her own boss,should organize the business as a:
A)sole proprietorship.
B)general partnership.
C)limited partnership.
D)co-operative.

Question

Quizplus · Accepted Answer

A sole proprietorship is the easiest and least expensive type of business to set up. There is only one owner who has complete control over the business and the profits. It is also not subject to separate taxation, unlike partnerships or corporations. Furthermore, there are no legal requirements for a sole proprietor to register with the state, increasing simplicity.

An Entrepreneur Who Wishes to Start a Business with Little