Question

Which of the following would cause a person starting a small business to choose a sole proprietorship over a partnership?

a. The person has minimal experience managing a small business.
b. The person is willing to share responsibilities for running the business.
c. The person wants to retain complete control over the entire business.
d. The person lacks sufficient funding for business operations.

Answer 1

c

Step-by-step explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner