Selma owns a roofing business.She enjoys being her own boss,but her satisfaction comes at a price.Her days are filled with organizing the activities of her employees and soliciting new customers.She often misses activities with friends and family because of the obligations of running her own business.She also knows that she has unlimited personal liability for any of her firm's debts.Selma's business is organized as an):
A)Joint venture.
B)C corporation.
C)S corporation.
D)Sole proprietorship.

Question

Quizplus · Accepted Answer

Selma's business is organized as a sole proprietorship because she is the only owner and has unlimited personal liability for the business's debts.

Selma Owns a Roofing Business