What business entity term refers to a business owner who has not formed a separate entity to run the business?

A) sole practitioner
B) self-employed
C) sole proprietorship
D) nonentity small business

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business.

Business Owner

An individual who legally possesses a company, bearing both the risks and benefits associated with the enterprise.

Separate Entity

A concept in accounting and law where a business is recognized as having its own legal rights and obligations, distinct from those of its owners or members.