The simplest form of business entity is the:
A) sole proprietorship
B) general partnership
C) C Corporation
D) limited liability company
E) subchapter S corporation

Question

Quizplus · Accepted Answer

The sole proprietorship is the simplest form of business entity because it is owned and operated by one individual. It is easy to set up and maintain, with minimal legal and tax requirements. However, it also has unlimited liability and limited growth potential.

The Simplest Form of Business Entity Is The