Which of the following forms of organizations is the easiest to form?
A) sole proprietorships
B) limited liability corporation
C) limited partnership
D) S-corporations

Question

Quizplus · Accepted Answer

Sole proprietorships are the easiest to form as they require very little paperwork and have fewer legal formalities compared to other forms of organizations. They also have lower startup costs and are generally run solely by the owner. Additionally, sole proprietorships have simpler tax reporting requirements. However, they do not offer limited liability protection like other types of organizations.

Which of the Following Forms of Organizations Is the Easiest