Parker is interested in starting a business. She wants to select the structure with the most freedom from government regulation. Which form of business ownership should Parker pursue?Multiple Choicesole proprietorshiplimited liability companyC corporationS corporation
Question
Parker is interested in starting a business. She wants to select the structure with the most freedom from government regulation. Which form of business ownership should Parker pursue?Multiple Choicesole proprietorshiplimited liability companyC corporationS corporation
Solution
Parker should pursue sole proprietorship. This form of business ownership has the most freedom from government regulation. It is the simplest form of business structure and is not subject to much government regulation. In a sole proprietorship, the business is owned and controlled by one person who is responsible for all of its debts.
Similar Questions
Multiple Choice QuestionOf the following forms of business ownership, which is relatively easy and inexpensive to form?Multiple choice question.Sole proprietorshipS corporationCorporationPublic corporation
Multiple Choice QuestionA form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders is ______.Multiple choice question.an S corporationa cooperativean unlimited liability companya sole proprietorship
Multiple Choice QuestionWhich form of business allows for the greatest degree of secrecy surrounding business reports?Multiple choice question.PartnershipLimited Liability CorporationSole proprietorshipCorporation
Multiple Choice QuestionWhat is the name given to businesses that owned and operated by one individual, and are the most common form of business organization in the United States?Multiple choice question.PartnershipsLimited liability companiesSole proprietorshipsCorporations
In which form of organization, the liability of the owners is limited to the amount invested in the business? A. Corporation B. Sole proprietorship C. Partnership D. Limited liability partnership (LLP)
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.