Asked by Michael Mocan on May 16, 2024
Verified
Easy and cheap to organize
A) Proprietorship
B) Partnership
C) Corporation
D) Limited liability company (LLC)
Proprietorship
A business owned and operated by a single individual, who is entitled to all profits and responsible for all debts.
Easy And Cheap
Descriptive terms indicating something is not difficult to do or obtain and does not require a lot of resources, specifically money, to acquire.
- Absorb the essential qualities and divergences between forms of commercial entities.
Verified Answer
CL
Connor LawrenceMay 22, 2024
Final Answer :
A
Explanation :
Proprietorship is the easiest and cheapest form of business entity to organize, as it involves only one person who owns and runs the business.
Learning Objectives
- Absorb the essential qualities and divergences between forms of commercial entities.