Question

Raminder is starting a business to sell handmade greeting cards online. She is forming a(n) ________ in that she is planning to assume all the risks and accept all the rewards of business ownership.

Answer 1

Raminder should choose a sole proprietorship for her online handmade greeting cards business.

Step-by-step explanation:

The form of business structure that Raminder should choose for her online handmade greeting cards business is a sole proprietorship. A sole proprietorship is a business that is owned and managed by a single individual. In this case, Raminder would assume all the risks and accept all the rewards of business ownership. She would be personally responsible for all debts and liabilities of the business, but would also be entitled to keep all the profits generated by the business.

By choosing a sole proprietorship, Raminder would have complete control over her business and the freedom to make all decisions on her own. However, it's important for her to be aware of the potential disadvantages of this business structure, such as unlimited liability and the need to personally acquire capital for the business.