Margie opened a used book store and is both the 100 per cent owner and the store's manager.Which type of business entity does Margie own if she is personally liable for all the store's debts?
A)sole proprietorship
B)limited partnership
C)corporation
D)joint stock company
E)general partnership

Question

Quizplus · Accepted Answer

Margie owns a sole proprietorship, which is a type of business entity where the owner is personally liable for all the business's debts. This means that if the store's debts cannot be paid, Margie's personal assets may be at risk.

Margie Opened a Used Book Store and Is Both the 100