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Q: 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.
A: 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|

Question
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
This answer has been added to the Weegy Knowledgebase
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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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