What is the simplest and most inexpensive form of legal structure for startups?
A)sole proprietorship
B)general partnership
C)C corporation
D)S corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is the simplest and most inexpensive form of legal structure for startups. It's easy to set up and requires few legal fees, making it ideal for small businesses just starting out. Additionally, it provides complete control and flexibility to the owner. However, it should be noted that a sole proprietorship offers very little liability protection for its owner.

What Is the Simplest and Most Inexpensive Form of Legal