Marcus has decided to open an auto-detailing business.He will pick up an automobile from the client,take it to his parents' garage,detail it,and return it to the client.If he does all of the work himself and takes no legal steps to form a special organization,which type of business organization,in effect,has he chosen?
A) A limited-liability company
B) A partnership
C) A corporation
D) A sole proprietorship

Question

Quizplus · Accepted Answer

Marcus has chosen a sole proprietorship, which means he is the sole owner of the business and is personally responsible for all debts and legal obligations. He has not taken any steps to form a separate legal entity or share ownership with others, which would classify the business as a partnership, corporation, or limited-liability company.

Marcus Has Decided to Open an Auto-Detailing Business