Question

Pretend you are opening a new business. What would this business be? Tell us why you chose this business. Would it be a sole proprietorship or would you set up a partnership or maybe a corporation? Give me a reason why you chose this structure.

Answer 1

My Business Would be a Cafe Business.

I choose this business because  in my locality there is lack of good cafe .Most of young people in there and they need a place a to hangout by seeing this requirement there is opportunity of Cafe business.

It would be Sole Proprietorship .Following Points are given below for the reason why i choose Sole Proprietorship.

1-It is easier to set up

2- No much requirement of paper work

3- No much Registertation Fees

4-Easy to manage because all control lies to me.

As this business which i am thinking to start does not require too much captial and people in it .Therefore,Sole Proprietorship would the best choice among the 3 given structure.