Question

Broker steve wants to own his own brokerage company however he doesn't want to start from the ground up. Broker steve is looking for automatic name recognition relocation referrals policies and structure. which of the following business structures would best fit broker steves needs?

A) Sole Proprietorship
B) Partnership
C) Corporation
D) Franchise.

Answer 1

The optimal business structure for Broker Steve, who desires a company with established recognition and systems, would be a franchise (option D).

Step-by-step explanation:

Broker Steve is looking for a business structure that provides automatic name recognition, relocation referrals, policies, and structure without needing to start from scratch. Given these needs, the best fit for Broker Steve would be D) Franchise.

A franchise allows for immediate brand recognition and comes with an established business model, including policies, structures, and often built-in referral systems. This contrasts with starting a sole proprietorship, forming a partnership, or creating a corporation, each of which would require more effort to establish such brand presence and operational frameworks.

Thus, by choosing a franchise, Broker Steve can rapidly start his brokerage with advantageous features already in place.