Question

choose an example of a campany you could start and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, LLCc,c,S corporation, ,or nonprofit corporation ).Explain why this structure.

Answer 1

An example of a business that I would start is a food delivery business. The business will entail delivering food from different restaurants to clients as desired. The business structure that would make the most sense is a sole proprietorship as it is a simple business structure whereby I will own and manage the business as well as be responsible for all transactions. The business will also not be taxed as the profits and losses will pass through me.