Margie opened a used bookstore and is both the 100 percent owner and the store's manager.Which type of business entity does Margie own if she is personally liable for all the store's debts?
A)Sole proprietorship
B)Limited partnership
C)Corporation
D)Joint stock company
E)General partnership

Question

Quizplus · Accepted Answer

Margie owns a sole proprietorship, where she is personally liable for all the business's debts, as she is the sole owner and manager.

Margie Opened a Used Bookstore and Is Both the 100