Question

Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Tyler needs a?

Answer 1

The correct answer would be, Partner.

Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does not want to file a lot of government forms, but would like to bring in someone to own and operate it with him. Tyler needs a partner.

Explanation:

Tyler has been working as a sole proprietor. It means, he has been the sole authority. He was responsible for all the profits and liabilities of his business. He was the sole owner.

But now he thinks that he needs someone who also owns his business and make a share in his work to divide the burden he has been taking being a sole proprietor.

It means, he needs a partner. Now he will have to change his business from sole proprietorship to partnership, as he is going to add a partner in his work. This will require less government work as if he would go for other options like setting up a corporation or a partnership involving many partners.

Learn more about Sole Proprietorship at:

brainly.com/question/11726413

#LearnWithBrainly