A ________ is a business that is owned entirely by an individual.
A)sole proprietorship
B)partnership
C)subchapter S corporation
D)corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is a business that is owned and operated by a single individual. The owner is personally responsible for all debts and obligations of the business, and any profits or losses are reported on the owner's personal tax return.

A ________ Is a Business That Is Owned Entirely by an Individual