Question

Dan is excited to start marketing and selling his new indoor practice hockey tarps and would like to start today. He already has several hockey associations waiting to make purchases. Dan's BEST option for starting his business quickly and hassle-free is a(n) ________.

Answer 1

Answer:

sole proprietorship

Explanation:

Sole proprietorship -

It is the simplest form of business , where there is only one and only one person , running the business , is referred to as a sole proprietorship .

It is not a legal entity , with only one head .

All the loss and income are taxed on the very person's income tax return .

It is also known as a sole trader , where the sole trader has the right to take any decision for the company and hence has got the right to employ any person to work under him .

Hence , from the given scenario of the question ,

The correct answer is  sole proprietorship .