Question

Eric wants to start a business. he is attracted to the idea of being his own boss, and wants to get started with a minimum of expense and hassle. he is confident in his abilities, and the market he can draw from, so he is not particularly worried about financial risks. all of these factors suggest that eric may favor starting his business as a sole proprietorship.

Answer 1

The answer is true. Individuals who need to work for themselves frequently like to work their business, at any rate at first, as a sole proprietorship. Leeway of the sole proprietorship is that it is a generally simple and cheap type of business to set up. One disadvantage of a sole proprietorship is that the proprietor has boundless obligation. Notwithstanding, right now, Eric isn't stressed over hazard. The boundless risk factor does not seem, by all accounts, to be an issue for him.