Question

shakira starts selling various homemade crafts in her front yard each saturday morning. she can not afford an attorney and so she does not prepare any paperwork. shakira's business is most likely a(n):

Answer 1

Shakira's business is most likely an: Sole Proprietorship

What is a Sole proprietorship?

Sole proprietorship is when a single person carries out the business on his own risk . He as an entrepreneur bears all loss and profit of the business and holds unlimited liability.

What is the main purpose of sole proprietorship?

The main advantage of a sole proprietorship are the pass-through tax advantage, the easily  creation, and the low fees for creation and maintenance. With a sole proprietorship, you  don't requires  to fill out a large  amount of paperwork, like registering with your state.

Learn more about Sole proprietorship:

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