Your best friend wants to start a car detailing business to pay for college. Which of the following is an advantage of sole proprietorships that he should consider?
A) Easy to form
B) Unlimited life
C) Limited liability
D) Access to capital

Question

Quizplus · Accepted Answer

Sole proprietorships are the simplest and most straightforward form of business ownership. They are easy to establish, often requiring little more than a business license. This simplicity is a significant advantage for someone looking to start a small, personal business like a car detailing service.

Your Best Friend Wants to Start a Car Detailing Business