From a legal perspective,a proprietorship is:
A) an entity separate from its proprietor.
B) authorized under state charter.
C) not a distinct entity from its proprietor.
D) subject to regulation by the SEC.

Question

Quizplus · Accepted Answer

A proprietorship is not a separate legal entity from its proprietor. This means that the owner, or proprietor, is personally liable for the business's debts and obligations. Proprietorship is not authorized under state charter, and it is not subject to regulation by the SEC.

From a Legal Perspective,a Proprietorship Is