The simplest form of business structure is a ____, and most small businesses start out this way.
A) corporation
B) general partnership
C) limited liability company
D) sole proprietorship

Question

Quizplus · Accepted Answer

Sole proprietorship is the simplest form of business structure, where a single person is the owner of the business and is responsible for all aspects of it. It is easy to set up and operate, has minimum legal formalities and the owner has the flexibility to make decisions without any interference. Moreover, it allows the owner to have complete control over the business and its profits.

The Simplest Form of Business Structure Is a ____, and Most