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Which of the following would lead Kara to choose a sole proprietorship organization for her business

Which of the following would lead Kara to choose a sole proprietorship organization for her business

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business?

 
  •  
    Avoidance of sole liability
  •  
    Ability to close the business easily
  •  
    Many potential investors/partners
  •  
    Plenty of capital
Expert Solution
Sole proprietorship

Some of the major advantages of a sole proprietorship include:

1. Easy formation and winding up

2. Prompt decisions

3. Better control and secrecy

4. Fewer regulations

5. Ease of operations

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