Question

Scenario:Juanita is a bilingual writer. She wants to start a business to offer translation services to other businesses that work in areas with a large Spanish-speaking population. She already has a computer and a good reputation in her own Spanish-speaking neighborhood, and she plans to work from home by herself.

Which type of business is best for Juanita to start?



a corporation, because she needs a large investment to get started


a sole proprietorship, because she will work alone from home


a franchise, because many others will want to start the same business


a cooperative, so that she and other translators can work together



ANSWER B

Answer 1

B

Step-by-step explanation:

edg2020

Answer 2

A sole proprietorship, because she will work alone from home.

Step-by-step explanation:

A sole proprietorship is the simplest forms of business, in this scenario a single person is operating his or her business all by himself/herself.

It means that the person is personally liable for any happening in the business and is liable for all the debts, if any.

In the question it is evident that Juanita already owns a computer and has a very good reputation for translation services, hence it would be the best for her from all the available options to choose to work as a sole proprietorship and work from home.

The advantages she will get by doing so will be:

1) She will be in full control of her work and will work according to her lifestyle.

2) No big or complex reporting requirements will be their for her, as in the case of big corporations.

3) She will have the minimal costs associated with this type of work since she doesn't have to invest anything, she already owns a working computer.

4) Lastly, she will have all the privacy to herself and work accordingly.

Hope this helps.

Goodluck.