Which form of business organization is characterized by having the shortest startup time and lowest legal costs?
A)proprietorship
B)limited partnership
C)corporation
D)limited liability company (LLC)

Question

Quizplus · Accepted Answer

A proprietorship is the simplest and easiest form of business organization to set up, requiring minimal legal paperwork and filings. It is also the most cost-effective option as there are no registration or filing fees associated with starting a proprietorship.

Which Form of Business Organization Is Characterized by Having the Shortest