MANAGEMENT

Detailed explanation-1: -you keep all the profits. start-up costs are low. you have maximum privacy. establishing and operating your business is simple. it’s easy to change your legal structure later if circumstances change you can easily wind up your business.

Detailed explanation-2: -Sole proprietorships are the simplest form of business structure and are easy and cheap to start due to few government rules. Proprietors enjoy full control and profits from the business but incur unlimited legal liability personally.

Detailed explanation-3: -The correct answer is option E) All of the above This type of business entity is free from legal formalities, and the owner possesses unlimited liability for the business. It is considered the least regulated form of business and is inexpensive to commence.