Question

Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control and the least interference from government regulation. Which form of business would best meet her needs

Answer 1

Answer:

Sole proprietorship.

Explanation:

A sole proprietorship is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax. It is a type of business that is typically owned by an individual or one person and as such is solely responsible for its debts.

In this scenario, Jane discovers she is bored and frustrated working for other business owners and as a result, she wants to open her own business, wherein, she alone will have control over the business and with the least interference of any form through government regulation. Thus, the form of business which would best meet Jane's needs is a sole proprietorship business because it is offers an exclusive ownership and control to its owner while preventing third-party interference.