Which of the following legal forms of business is typically considered the least legitimate?
A) Corporation
B) Limited liability company
C) Sole proprietorship
D) Partnership

Question

Quizplus · Accepted Answer

Sole proprietorship is typically considered the least legitimate because it offers no legal separation between the individual owner and the business, which means that the owner is personal liable for all debts and obligations of the business. This form of business is also more vulnerable to lawsuits and other legal issues.

Which of the Following Legal Forms of Business Is Typically