Asked by
Loryan Coelho
on Nov 21, 2024
Verified
When a person decides to go into business on his or her own without further formality, what do they form?
A) Individual entity
B) Sole proprietorship
C) Single entity
D) Sole entrepreneurship
E) Single entrepreneurship
Sole Proprietorship
A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.
- Master the foundational theories and disparities among various business structures, including sole proprietorships, partnerships, LLCs, corporations, and cooperatives.
Verified Answer
LC
Learning Objectives
- Master the foundational theories and disparities among various business structures, including sole proprietorships, partnerships, LLCs, corporations, and cooperatives.
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