Question

Esperanza is starting a business by herself as an

illustrator for magazines and children's books. She
isn't concerned with personal liability, but she wants
the business to be easy to set up.

Answer 1

sole proprietorship

Step-by-step explanation:

The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader. In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.

A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.