Which form of business ownership is easiest to dissolve?
A) a cooperative
B) a subsidiary
C) a sole proprietorship
D) a limited partnership

Question

Quizplus · Accepted Answer

Sole proprietorship is the easiest form of business ownership to dissolve because there are no legal formalities required to close the business. The owner can simply stop operating the business and liquidate assets. The owner is also personally liable for any debts or obligations of the business, which makes it easier to dissolve without having to deal with complex legal issues.

Which Form of Business Ownership Is Easiest to Dissolve