Engineering Board Exam Reviewer · Legal Forms of Business Organization · easy
Which form of business organization is owned and operated by a single individual who has unlimited liability for the business's debts?
- Sole proprietorship
- Partnership
- Corporation
- Cooperative
Answer
A. Sole proprietorship
Solution
This describes a sole proprietorship.
More Legal Forms of Business Organization questions
- Which form of business organization is a legal entity separate from its owners, providing limited liability to its shareholders?
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