The business form that is owned by one person is
A) proprietorship.
B) corporation.
C) partnership.
D) an LLC.

Name: The business form that is owned by one person is A) proprietorship. B) corporation. C) partnership. D) an LLC.
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Question

Quizplus · Accepted Answer

A proprietorship is a form of business owned by one person. This type of business is not separate from its owner and the owner has unlimited liability for the debts and obligations of the business. Proprietorships are the simplest and most common form of business ownership.

The Business Form That Is Owned by One Person Is