Sandy Beech, a talented fashion designer who wants to start her own women's swimwear and beach towel line, is trying to decide which form of business ownership is right for her. As a young mother who aspires to send her children to college some day, she does not want to jeopardize her savings account in any way. In order to overcome these risks, Sandy should start her business as a sole proprietorship.

Question

Quizplus · Accepted Answer

Starting a business as a sole proprietorship means that the owner has unlimited personal liability for the business's debts and obligations. It would be wiser for Sandy to consider forming a limited liability company (LLC) or a corporation, which would provide her with some protection for her personal assets.

Sandy Beech, a Talented Fashion Designer Who Wants to Start