Laura wants to start a business, but she is unsure of the legal form best for her.Short of cash, she has decided to take the form that is the least expensive and most flexible in terms of decision making and implementation.Which would you recommend?

Question

Quizplus · Accepted Answer

Sole trading is the least expensive legal form and offers the most flexibility in decision-making and implementation. It also allows the owner to have complete control over the business and keep all profits. However, the owner is personally liable for any debts or legal issues that arise.

Laura Wants to Start a Business, but She Is Unsure