Emily has very little money with which to start her business so she wants to keep the cost of forming her company as low as possible.Which form of ownership would you recommend for Emily?

Question

Quizplus · Accepted Answer

Sole proprietorship is the simplest and cheapest form of ownership to set up. This form of ownership doesn't require legal and registration fees, and there's no need for costly legal documents. As a sole proprietor, Emily would have full control of her business and no need to share profits with anyone else.

Emily Has Very Little Money with Which to Start Her