Allison Peterson has opened a new downtown boutique.She wants to pay minimal taxes and she wants to remain in complete control of her company and be her own boss.What form of ownership should she choose?

Question

Quizplus · Accepted Answer

A sole proprietorship is a business owned and operated by a single individual. It is the simplest and most common form of ownership, making it easy to set up and manage. The owner has complete control and decision-making power, and the profits are taxed as personal income, which can result in lower overall taxes for the business. This makes it a good choice for Allison Peterson, who wants to minimize her taxes and maintain complete control over her boutique.

Allison Peterson Has Opened a New Downtown Boutique