What is the preferred form of ownership for small businesses WITHOUT employees? Question 7 options: Partnership Corporation S-Corporation Sole Proprietor Part of...

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Question

General Management

What is the preferred form of ownership for small businessesWITHOUT employees?
Question 7 options:
Partnership
Corporation
S-Corporation
Sole Proprietor
Part of the attraction of owing your own business is that thedemands on you are typically less than that of an employee of afirm.
Question 8 options:
True
False
Service the SBA provides includes all of the following,EXCEPT:
Question 9 options:
Guaranteed loans for all who apply
SCORE business mentors
Provide referrals to other agencies
Free advice and training
What guidance should you take regarding starting your ownbusiness?
Question 10 options:
Have at least three months experience
Get your friends together and take a vote
Strike while the "iron is hot"; if you think it's for you, gofor it!
Do it if "you just can't help yourself"

Answer & Explanation Solved by verified expert

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Q1 What is the preferred form of ownership for small businesses WITHOUT employees A Sole Proprietor Reason Sole proprietorship is the bestpreferred form of ownership for small businesses without employees as they are easy and simple to manage and are self sufficient where the owner is also the manager and the employee In such sole proprietorships there is no need to register or manage reporting to anyone Bigger corporations See Answer

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What is the preferred form of ownership for small businesses WITHOUT employees? Question 7 options: Partnership Corporation S-Corporation Sole Proprietor Part of...

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General Management

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