Question

Choose the non-corporate type of business enterprises. *

1 point

(A) Sole proprietorship

(B) Joint Hindu Family firm

(C) Both of (A) and (B)

​

Answer 1

Answer:

Much like a sole proprietorship, setting up a general partnership has very few start-up fees. There are other types of partnerships, i.e, limited partnerships and limited liability partnerships that provide some liability protection for its owners, and require filing fees and a little more effort on the front end.