Bob Grange has just opened a new pet shop on Main Street.If he selected the easiest and cheapest legal form to start a business, what legal form would Bob
Have selected?
A)partnership
B)joint venture
C)sole proprietorship
D)corporation

Question

Quizplus · Accepted Answer

The easiest and cheapest legal form to start a business is sole proprietorship. This means that Bob is the sole owner of the business and has complete control over its operations. As a sole proprietor, Bob is also personally liable for any debts and obligations of the business, but this is the trade-off for the simplicity and low cost of this legal form.

Bob Grange Has Just Opened a New Pet Shop on Main