David has decided to open an auto-detailing business.He will pick up a car from the client,take it to his parents' garage,detail it,and return it to the client.If he does all of the work himself and takes no legal steps to form a special organisation,which type of business organisation,in effect,has he chosen?

Question

Quizplus · Accepted Answer

By doing all of the work himself and not forming a special organization, David has essentially chosen to operate as a sole proprietorship. This means he is the sole owner of the business, is personally responsible for any debts or liabilities, and would report any income or losses on his personal tax return.

David Has Decided to Open an Auto-Detailing Business