Which of the following is the most common form of a business organization?

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The most common form of a business organization is a sole proprietorship. This is because it is the simplest and easiest form of business to set up and operate. A sole proprietorship is owned and operated by one person, who assumes all the risk and liability of the business. Additionally, the profits are taxed only once as part of the owner's personal income. Corporations and partnerships are more complex and require more legal and regulatory compliance, while subchapter S corporations are a specific type of corporation that has certain tax advantages but is not as commonly used as sole proprietorships.

Which of the Following Is the Most Common Form of a Business