Kyle Yang is thinking of starting a small business. Ideally, he would like to start up the business relatively easily, have the expertise of different people to draw from, and keep his taxes fairly simple. Yang should choose the ________ type of business ownership.
A) partnership
B) sole proprietorship
C) nonprofit
D) corporation
E) cooperative

Question

Quizplus · Accepted Answer

A partnership allows for relatively easy setup, the pooling of expertise from different individuals, and maintains simpler taxation compared to a corporation, fitting Kyle Yang's criteria.

Kyle Yang Is Thinking of Starting a Small Business