Joe wants to form his own business. He wants to get started as quickly and inexpensively as possible and has a strong desire to control the business himself. He is confident he will be successful and wants to keep all the profits himself. Joe’s goals indicate he would probably choose to operate his business as a(n):

a) limited partnership.
b) limited liability company.
c) franchise.
d) sole proprietorship.

Ans: d) sole proprietorship.

Business

You might also like to view...

The landlord ran the model in Excel and received the answer report contained in the table. Which of the following statements is correct?

Variable Cells Cell Name Original Value Final Value $G$4 wood floors contractor 1 0 $H$4 wood floors self 1 1 $G$5 kitchen tile contractor 1 1 $H$5 kitchen tile self 1 0 $G$6 back door contractor 1 0 $H$6 back door self 1 0 $G$7 garage door opener contractor 1 0 $H$7 garage door opener self 1 0 A) The rent will be $180 higher and the project will take 3.5 weeks to finish at a cost of $2900. B) The rent will be $195 higher and the project will take 2.5 weeks to finish at a cost of $2900. C) The rent will be $180 higher and the project will take 2.5 weeks to finish at a cost of $3700. D) The rent will be $195 higher and the project will take 3.5 weeks to finish at a cost of $3700.

Business

There is no federal tort common or statutory law

a. True b. False

Business