Sung owns a dog-walking business that she started in high school. Her first goal was to earn money after school and supplement her allowance. Now that she has finished college and maintains a long client list, she's planning on running the business full time. She keeps all the profits and has kept things simple by posting fliers on the bulletin boards at local stores. Sung's business is a(n)
A) sole proprietorship.
B) franchise.
C) S corporation.
D) partnership.

Question

Quizplus · Accepted Answer

Sung's simple form of business ownership is a sole proprietorship. She, alone, keeps the profits from her service.

Sung Owns a Dog-Walking Business That She Started in High