Question: The simplest form of business to establish is a:

Answer: sole proprietorship

Question:

Answer: No documentation is required to create a sole proprietorship.

Question: A sole proprietorship differs from a limited liability company (LLC) in:

ability to earn a profit.

the documentation required for formation.

how stock is sold.

the minimum number of owners.

Answer: the documentation required for formation.

Question: A sole proprietorship differs from a partnership in:

the number of owners.

documentation required for formation.

liability for debt.

how stock is sold.

Answer: the number of owners.

Question: A sole proprietorship differs from a corporation in:

the ability to earn a profit.

the ability to be an educational organization.

how stock is sold.

where in the United States they may be located.

Answer: how stock is sold.