Question and answer
Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be which of the following?
its greater organizational flexibility. its limited liability. its perpetual existence. the ease of transferring the business to other family members.
its greater organizational flexibility
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Original conversation
User: Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be which of the following? its greater organizational flexibility. its limited liability. its perpetual existence. the ease of transferring the business to other family members.

Weegy: Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be its limited liability because no tax payment is required in a sole proprietorship business. [smile]
Expert answered|cerise|Points 60|

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Asked 9/24/2011 6:42:44 PM
Updated 1/6/2012 6:32:09 PM
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its greater organizational flexibility
Added 12/28/2011 5:40:45 AM
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its greater organizational flexibility
Added 12/28/2011 5:40:45 AM
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cerise the correct answer is that a sole proprietorship benefit is its greater organizational flexibility, as jokican7990 has stated. Sole proprietors pay taxes, as does every type of business. Filing tax returns on sole proprietorships involves preparing a simple, one- to tow-page IRS form; the Schedule C.
Added 1/6/2012 6:32:09 PM
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