BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The business owner, also known as a proprietor or a trader, conducts business using their legal name. They may also choose to do business using another name by registering a trade name with their local authority. This type of business is the easiest and cheapest form to start.

Detailed explanation-2: -A sole proprietorship is best suited to small businesses with low risk and low profits.

Detailed explanation-3: -Sole proprietorships are easy to establish As long as you’re the owner and in charge of operations, there’s no need to formally register your business or notify federal or state offices. The only fees involved are those needed to register your business name, and to attain the appropriate licenses and permits.

Detailed explanation-4: -Answer and Explanation: The easiest form of business organization to start and stop is the sole proprietorship. A sole proprietorship describes personal entrepreneurship or business that is owned and managed by a single individual.

Detailed explanation-5: -Sole proprietorships are not separate entities by law, so it’s considered one of the easiest types of businesses to start.