Preference for a sole proprietorship as business form
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Why would entrepreneurs open themselves up to personal financial losses by choosing a proprietorship rather than a company form of an organization?
Please include at least one source.
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Solution Summary
The solution provides seven reasons why a new business might prefer the sole proprierotor format. Each reason is presented in a sentence or two. A reference is included.
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There are a number of reasons why an individual would choose a sole proprietorship as a legal form of doing business:
1. People who start businesses are usually certain they will be successful. It stands to reason because who would start a business that they think will fail?
2. It is the simplest form of business and doesn't require ...
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