A sole proprietorship
A)dies with the owner.
B)is the same as a partnership.
C)always bring a higher return to its owner than a corporation brings to its owners.
D)is a not-for-profit firm.
E)has a complex management structure.

Question

Quizplus · Accepted Answer

A sole proprietorship is a business that is owned and operated by a single individual. Unlike a corporation or partnership, there is no separate legal entity in a sole proprietorship, and thus the business dies with the owner.

A Sole Proprietorship