Question

Which of the following business ownership structures is the simplest and easiest to set up? A. A partnership B. An LLC C. A sole proprietorship D. A C corporation

Answer 1

A sole proprietorship is the simplest and easiest business ownership structures to set up because...

- Proprietor has full control and the power to make any decision about the business that he/she wants to.

- Sale or transfer can occur at the judgement of the sole proprietor.

- There are NO corporal tax payments.

- There are few legal costs involved in creating a sole proprietroship

- There are not many formal, orderly business obligations

Answer 2

The answer is "C. A sole proprietorship".

The sole proprietorship is the easiest business form under which one can work a business. The sole proprietorship is certifiably not a lawful element. It basically alludes to an individual who claims the business and is by and by in charge of its obligations.

A sole proprietorship can work under the name of its proprietor or it can work together under an invented name, for example, Nancy's Nail Salon. The invented name is essentially an exchange name- - it doesn't make a lawful substance separate from the sole proprietor