Sandy is a talented fashion designer who wants to start her own women's sportswear company.However,she is concerned about some problems she might face.She knows little about actual production methods or the financial aspects of running a business,and has little personal wealth to put into the company.In order to overcome these problems,Sandy should start her business as a sole proprietorship.

Question

Quizplus · Accepted Answer

Starting a sole proprietorship may not necessarily solve Sandy's problems. While it may be the easiest and cheapest way to start a business, it does not offer limited liability protection, which means that Sandy's personal assets could be at risk if the business fails or is sued. She may also need to seek outside help or education in production methods and financial management to ensure the success of her business. Consideration of other business structures, such as a partnership or limited liability company (LLC), may be necessary to address these concerns.

Sandy Is a Talented Fashion Designer Who Wants to Start