A ________ is a business that is owned entirely by an individual.
A)sole proprietorship
B)partnership
C)sub-chapter s corporation
D)corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is a business entity that is owned and operated by a single individual. The owner is solely responsible for all aspects of the business and is entitled to all of its profits. There is no legal distinction between the owner and the business, which means the owner is personally responsible for all of the business's debts and obligations.

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