An entrepreneur who wishes to start a business with little delay or hassle,and who wants to be his or her own boss,should organize the business as a:
A)Sole proprietorship.
B)Cooperative.
C)C corporation.
D)General partnership.

Question

Quizplus · Accepted Answer

A sole proprietorship is the easiest and quickest type of business to set up. The owner has complete control over the business and there are no legal formalities to comply with. It is also the most flexible form of business organization with regard to income taxes, as the profits or losses are reported on the owner's personal income tax return. Furthermore, the start-up costs for a sole proprietorship are relatively low.

An Entrepreneur Who Wishes to Start a Business with Little