A ________ is a form of business that is owned, and usually managed, by one person.
A) closed corporation
B) subchapter S corporation
C) sole proprietorship
D) limited partnership

Question

Quizplus · Accepted Answer

A sole proprietorship is a business owned and operated by a single individual. This individual is personally responsible for all aspects of the business and has unlimited liability. This is the simplest form of business and typically requires minimal legal documentation to establish.

A ________ Is a Form of Business That Is Owned