Jane Doe, who has substantial personal wealth and income, is considering the possibility of starting a new business in t

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Jane Doe, who has substantial personal wealth and income, isconsidering the possibility of starting a new business in thechemical waste management field. She will be the sole owner, andshe has enough funds to finance the operation. The business willhave a relatively high degree of risk, and it is expected that thefirm will incur losses for the first few years. However, theprospects for growth and positive future income look good, and Janeplans to have the firm pay out all of its income as dividends toher once it is well established. Which of the legal forms ofbusiness organization would probably best suit her needs?AnswerProprietorship, because of ease of entry.S corporation, to gain some tax advantages and also to obtainlimited liability.Partnership, but only if she needs additional capital.Regular corporation, because of the limited liability.In this situation, the various forms of organization seem equallydesirable.