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.