In terms of costs to organize each,which of the following sequences is correct,moving from highest to lowest cost?
A)General partnership,sole proprietorship,limited partnership,corporation.
B)Sole proprietorship,general partnership,limited partnership,corporation.
C)Corporation,limited partnership,general partnership,sole proprietorship.
D)Sole proprietorship,general partnership,corporation,limited partnership.

Question

Quizplus · Accepted Answer

The cost of organizing a corporation is typically the highest because it involves significant legal and administrative work. The cost of organizing a limited partnership is generally higher than that of a general partnership, as it requires more legal work and formal documentation. Sole proprietorship and general partnerships are relatively simple and inexpensive to set up, with sole proprietorship being the cheapest. Therefore, the correct sequence is: Corporation, limited partnership, general partnership, sole proprietorship. Option C shows this sequence.

In Terms of Costs to Organize Each,which of the Following