The simplest and most common form of business entity is the ________.
A) sole proprietorship
B) general partnership
C) C corporation
D) limited liability company
E) subchapter S corporation

Question

Quizplus · Accepted Answer

The sole proprietorship is the simplest and most common form of business entity, in which an individual owns and operates the business, assumes all legal and financial responsibility, and receives all profits.

The Simplest and Most Common Form of Business Entity Is