Question

Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility requirements would work for his purposes. He is likely to choose to form a(n) company.

Answer 1

Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility requirements would work for his purposes. He is likely to choose to form a sole proprietorship company.

What is a sole proprietorship?

A sole proprietorship is an individual entrepreneurship or an individual owned. It runs by one person and in which there is no separation between the owner and the business.

Therefore, Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility requirements would work for his purposes. He is likely to choose to form a sole proprietorship company.

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