Bernie wants to go into the business of construction contracting. Among the reasons that would probably convince Bernie to set u

Question

4 years ago

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Bernie wants to go into the business of construction contracting. Among the reasons that would probably convince Bernie to set u

p his business as a sole proprietorship would be a. its greater flexibility. b. its limited liability. c. its perpetual existence. d. the ease of transferring the business to other family members.

Business

1 answer:

krek1111 [17] · Answer 1 · 2021-12-20T04:45:37+03:00

Answer:

a. its greater flexibility

Explanation:

A sole proprietorship is A form of legal business structure owned by only one person. The liabilities of the owner is unlimited. It is usually flexible as decisions are made and approved by the owner.

A sole proprietorship doesn't usually have perpetual existence. It usually ends when the owner dies. It is not easy to transfer shares to other family members.

A sole proprietorship gives the owner the opportunity to be involved in the day to day running of the business.

I hope my answer helps you.