Luis 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? (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

A relevant question Luis might ask himself that addresses the issue of ownership options with the least amount of restrictions is: "Can I avoid complicated government regulations and business reporting?" This question directly relates to the type of ownership structure he chooses, as some structures, like sole proprietorships, tend to have fewer restrictions and reporting requirements compared to corporations or partnerships.