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)
• it will be costly and time consuming to file the paperwork associated with establishing a sole proprietorship.
o it will be difficult to cover start-up costs since banks will be unlikely to loan her
money.
• She will have to learn to navigate the complex taxes associated with a sole proprietorship.
She will have to seek approval from investors before making business decisions.
1 answer
The correct answer is: it will be difficult to cover start-up costs since banks will be unlikely to loan her money.
1 answer