Samantha wants to set up a small business to sell her paintings. She wants to start her business as quickly and inexpensively as possible. She doesn't want to share the profits with anyone else. Which form of business ownership would be suitable for Samantha?

Question

Quizplus · Accepted Answer

A sole proprietorship would be the best form of business ownership for Samantha, as it is the quickest and least expensive way to start a business. As a sole proprietor, she would have full control over her business and would not have to share profits with anyone else. Additionally, there is minimal paperwork involved in setting up a sole proprietorship.

Samantha Wants to Set Up a Small Business to Sell