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?

Question

(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?

Answer 1

To address the issue of exploring ownership options with the least amount of restrictions, Luis might ask himself:

Can I avoid complicated government regulations and business reporting?

This question directly relates to seeking ownership structures that impose fewer restrictions, such as sole proprietorships or partnerships compared to corporations or LLCs that may have more regulatory requirements.