Question

which is the simplest type of business structure, with low costs compared to other types of businesses?
○ limited liability comany
○ partnership
○ sole proprietorship
○ corporations

Explanation:

A sole proprietorship is owned and operated by one individual. It has minimal legal formalities and lower costs compared to other business structures like corporations (which have complex legal requirements), partnerships (with agreements between partners), or limited - liability companies (which also have some formation rules).

Answer:

Sole Proprietorship