Asked by
Grant Jackson
on Oct 30, 2024
Verified
What is the simplest and most inexpensive form of legal structure for startups?
A) sole proprietorship
B) general partnership
C) C corporation
D) S corporation
Sole Proprietorship
A business structure where a single individual owns, operates, and is personally responsible for all aspects of the business.
Legal Structure
The legal organization of a company, determining its legal personality, liability, and taxation methods. Examples include sole proprietorship, partnership, corporation, and LLC.
- Learn about the multiple legal structures businesses can operate under and the processes for setting them up.
Verified Answer
NS
Learning Objectives
- Learn about the multiple legal structures businesses can operate under and the processes for setting them up.