Question

Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum control and the least from government regulations. Which of the following forms of business is best suited for Judy's needs? a. A C corporation b. A joint venture c. An S corporation d. A partnership e. A sole proprietorship

Answer 1

Answer:

Sole proprietorship

Explanation:

Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . Sole proprietorship is best suited for Judy's needs.

Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business .

Sole proprietorship is the form of business which is easy to form  with no legal formalities. There is a secrecy in Sole proprietorship . In  Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.

In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .