Okay, so if you select a one-owner type of
business, a sole proprietorship, then which
goals will you have met from your list?
Select all that apply, then click Submit below
Easy to setup and start
Protect against personal liability
Minimal ongoing paperwork
Ability to bring new owners into the business
if needed
Easier income tax calculations
Ability to have employees



Answer :

Final answer:

Sole proprietorships meet goals of being easy to set up, requiring minimal ongoing paperwork, and simplifying income tax calculations.


Explanation:

Easy to setup and start: A sole proprietorship is the simplest form of business to establish, requiring minimal paperwork and allowing for a quick setup.

Minimal ongoing paperwork: Unlike other types of business structures, a sole proprietorship involves minimal ongoing paperwork, reducing administrative burdens.

Easier income tax calculations: Income tax calculations for a sole proprietorship are straightforward, as the business owner reports all profits and losses on their personal tax return.


Learn more about Sole Proprietorship Business Goals here:

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