Proprietorships:

Name: Proprietorships:
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Proprietorships:

Quizplus · Accepted Answer

Proprietorships are the most common type of business firm, accounting for about 72% of all U.S. businesses. They are owned by one person, the proprietor, who has complete control over the business and is responsible for all of its debts and obligations. While they may not have large assets or dominate overall market transactions, they are still an important part of the business landscape.