A sole proprietorship is a form of business ownership in which:
A) the company is considered a legal entity that is separate from its owners.
B) a single owner actively manages the company.
C) two or more people act as co-owners of the company.
D) the owners of the business are offered limited liability and flexible tax treatment.

Question

Quizplus · Accepted Answer

A sole proprietorship is a business owned and managed by one individual, making the owner solely responsible for all aspects of the business.

A Sole Proprietorship Is a Form of Business Ownership in Which