A relatively low amount of government regulation is a key advantage of a:

Question

Quizplus · Accepted Answer

Proprietorship refers to a business owned and operated by a single individual. Such businesses are generally small in scale and require minimal regulatory compliance. Hence, a low amount of government regulation is a key advantage of a proprietorship. In contrast, partnerships and companies have more compliance requirements and may face greater government regulations in terms of taxation, reporting, labor laws, etc. Not-for-profits also have several regulatory requirements related to transparency, governance, and tax exemption status.

A Relatively Low Amount of Government Regulation Is a Key