A company cannot be established with only one member.

Question

Quizplus · Accepted Answer

A company can be established with only one member in many countries, such as the United States, Canada, the United Kingdom, Australia, and many European countries. These companies are usually called sole proprietorships or single-member LLCs (Limited Liability Companies). However, there may be some specific legal requirements or restrictions depending on the jurisdiction and the type of business activity.

A Company Cannot Be Established with Only One Member