Scenario 10-3. Mary Manting is opening her new business. She is offering a day camp/day care summer experience for a newly developed suburb in upscale Yolando. She has little capital and little management experience, and she is concerned with the possibility of lawsuits due to the nature of her business and the unlimited liability that she could then face. She comes to you for business advice.
-In Scenario 10-3, what would be the major advantage of establishing her business as a sole proprietorship?

Question

Quizplus · Accepted Answer

The major advantage of establishing her business as a sole proprietorship is independence. This business structure allows Mary to have full control over all decisions, which is a significant benefit for someone starting a new business and wanting to implement their vision without external interference.