A recent high school graduate would like to establish an online tutoring service as a sole proprietorship operating under her own name. Having never worked before and having no current income, which of the following hurdles is she likely to face?

She will have to learn to navigate the complex taxes associated with a sole proprietorship.

It will be costly and time consuming to file the paperwork associated with establishing a sole proprietorship.

She will have to seek approval from investors before making business decisions.

It will be difficult to cover start-up costs since banks will be unlikely to loan her money.

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21-09-2021
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A recent high school graduate would like to establish an online tutoring service as a sole proprietorship operating under her own name. Having never worked before and having no current income, which of the following hurdles is she likely to face?

She will have to learn to navigate the complex taxes associated with a sole proprietorship.

It will be costly and time consuming to file the paperwork associated with establishing a sole proprietorship.

She will have to seek approval from investors before making business decisions.

It will be difficult to cover start-up costs since banks will be unlikely to loan her money.

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jayilych4real jayilych4real · Answer 1 · 2021-09-24T17:53:03+02:00

The following hurdles the recent school graduate would likely face is that It will be difficult to cover start-up costs since banks will be unlikely to loan her money.

According to the given question, a recent graduate would like to start up an online tutoring as a sole proprietorship, and the most likely hurdle she would face is the financial burden to start.

Given that she is a recent graduate, she still has school loans to pay off, and therefore, she would be cahs strapped and unable to get loans from banks because she probably does not have a good credit score.

Therefore, the correct answer would be option D