Why do many new entrepreneurs setup legally as a sole proprietorship at first?
(1 point)
Responses
A sole proprietorship protects the business owner from legal or financial trouble.
A sole proprietorship protects the business owner from legal or financial trouble.
A sole proprietorship requires the owner to pay less in taxes initially.
A sole proprietorship requires the owner to pay less in taxes initially.
A sole proprietorship is the most lucrative type of legal business structure.
A sole proprietorship is the most lucrative type of legal business structure.
A sole proprietorship is a simple setup that generally requires no formal action to establish.