Which action is required before Sole Proprietorship can be configured?

Before configuring a Sole Proprietorship in the nCino platform, several foundational steps need to be taken to ensure a successful setup. The action involving the installation of required packages is crucial because these packages contain the necessary components and functionalities that support the configuration of a Sole Proprietorship. Without these packages, the functionality may not operate as intended.

Enabling or upgrading the Sole Proprietorship feature is also essential. This step activates the specific features tailored for Sole Proprietorships within the nCino system. If this feature is not enabled or is outdated, it could limit the capabilities of the configuration or even prevent it from being set up at all.

Additionally, reviewing the prerequisites is vitally important. Understanding the requirements and making sure that all necessary conditions are met before proceeding helps prevent issues during configuration. It ensures that the configuration aligns with organizational processes and compliance standards.

Therefore, all these actions are interconnected and necessary for successfully configuring a Sole Proprietorship, which is why selecting "All of the above" encompasses the complete set of essential pre-configuration actions.