BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A corporation is all of these but which one?
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Keeps business and personal assets separate
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Can sell shares to raise funds
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Least expensive to start
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More taxes
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Explanation:
Detailed explanation-1: -Minimal paperwork and low set-up costs are two major benefits of having a sole proprietorship. In addition, there is the ease of maintaining it. In fact, according to the SBA, it’s the simplest and least expensive business type you can establish.
Detailed explanation-2: -Sole proprietorship advantages-It is the easiest and least expensive form of ownership to organize.
Detailed explanation-3: -We recommend the LLC as the best business structure for most small businesses because they are simple to operate and create and they provide limited liability protection and pass-through taxation.
There is 1 question to complete.