A recent high school graduate would like to establish an online tutoring service as a sole proprietorship operating under her own name. Having never worked before and having no current income, which of the following hurdles is she likely to face?(1 point)
Responses
a It will be difficult to cover start-up costs since banks will be unlikely to loan her money.
b She will have to learn to navigate the complex taxes associated with a sole proprietorship.
c It will be costly and time consuming to file the paperwork associated with establishing a sole proprietorship.
d She will have to seek approval from investors before making business decisions.
1 answer
a It will be difficult to cover start-up costs since banks will be unlikely to loan her money.
1 answer