When a person decides to go into business on his or her own and is solely responsible for management and profits,a(n)________ is formed.
A)S corporation
B)sole proprietorship
C)single-entity partnership
D)sole entrepreneurship
E)limited liability company

Question

Quizplus · Accepted Answer

If a person decides to go into business on his or her own,a sole proprietorship is created.A sole proprietorship is a business in which one person (the sole proprietor)is in control of the management and profits of the business.

When a Person Decides to Go into Business on His