Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum control and the least from government regulations. Which of the following forms of business is best suited for Judy's needs? a. A C corporation b. A joint venture c. An S corporation d. A partnership e. A sole proprietorship

Question

Business

Franklin Arroyo

13 February, 08:11

Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum control and the least from government regulations. Which of the following forms of business is best suited for Judy's needs? a. A C corporation b. A joint venture c. An S corporation d. A partnership e. A sole proprietorship

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Charity Mullen · Answer 1

Sole proprietorship

Explanation:

Judy has realized that she does not like working for others. She wants to open a business in which she will have maximum control and the least fro, government regulations. Sole proprietorship is best suited for Judy's needs.

Sole proprietorship is the form of business in which a single person is responsible for all the decisions, that single person have full control over the business.

Sole proprietorship is the form of business which is easy to form with no legal formalities. There is a secrecy in Sole proprietorship. In Sole proprietorship the interference of the government is minimum. Sole proprietorship facilitate quick decision making as he / she does not need to concern with others. In the sole proprietorship, the individual need not share his profit with other person. The overhead cost in Sole proprietorship is less.

In you need not to work under anyone, you just need to open it and run according to you, you have full control over it, as no one can say anything to you.