Maurice has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Maurice needs a
A)partner.
B)wife.
C)merger.
D)limited-liability company.

Question

​Maurice has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Maurice needs a
A)​partner.
B)​wife.
C)​merger.
D)​limited-liability company.

Quizplus · Accepted Answer

A partner would allow Maurice to bring in someone to share the responsibilities and workload of the business without having to file a lot of government forms or changing the legal structure of the business. A merger would involve combining two separate businesses, which is not what Maurice needs. A limited-liability company would require filing government forms and changing the legal structure of the business. A wife is not relevant to the situation.

​Maurice Has Been Operating His Business as a Sole Proprietorship

Maurice Has Been Operating His Business as a Sole Proprietorship