The most common form of business ownership that is also the simplest to create is the ________.
A)sole proprietorship
B)partnership
C)corporation
D)S corporation

Question

Quizplus · Accepted Answer

A sole proprietorship is the most common and simplest form of business ownership that can be created as it is owned and operated by a single person. It does not require any formal filing or documentation other than obtaining necessary licenses and permits. Moreover, the owner has complete control over the business, and profits are taxed only as personal income.

The Most Common Form of Business Ownership That Is Also