Asked by
Thareni Arumugam
on Oct 30, 2024
Verified
______ is the simplest and most inexpensive form of legal structure for startups.
A) Sole proprietorship
B) General partnership
C) C corporation
D) LLC
Sole Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.
Legal Structure
Pertains to the type of legal organization an entity chooses for the formation of their business, such as a corporation, partnership, limited liability company (LLC), or sole proprietorship.
- Familiarize yourself with the range of legal setups for enterprises and the pathway to their formation.
Verified Answer
HF
Learning Objectives
- Familiarize yourself with the range of legal setups for enterprises and the pathway to their formation.