Luis is setting up a new business and exploring ownership options with the least amount of restrictions. What question might Luis ask himself that addresses this issue as he explores to ownership options for his new business? (1 point) Responses How much money do I need to start my business? How much money do I need to start my business? Do I have the expertise needed to run my business myself? Do I have the expertise needed to run my business myself? Am I willing to share profits with other people? Am I willing to share profits with other people? Can I avoid complicated government regulations and business reporting?
Can I avoid complicated government regulations and business reporting?
Can I avoid complicated government regulations and business reporting?
As Luis explores ownership options for his new business, he may ask himself the following question that addresses the issue of least amount of restrictions: "Can I avoid complicated government regulations and business reporting?" This question relates to the level of bureaucratic regulations and reporting requirements that may be associated with different ownership options, such as sole proprietorship, partnership, corporation, or limited liability company (LLC). By considering this question, Luis can prioritize options that offer greater flexibility and fewer restrictions in terms of compliance and reporting obligations.
