14. the parent of a preschool - aged child wants to start a home - based business using the simplest form of…

14. the parent of a preschool - aged child wants to start a home - based business using the simplest form of business organization. which type of business organization will this person utilize? a. general partnership b. sole proprietorship c. limited liability d. corporation

14. the parent of a preschool - aged child wants to start a home - based business using the simplest form of business organization. which type of business organization will this person utilize? a. general partnership b. sole proprietorship c. limited liability d. corporation

Answer

Brief Explanations:

A sole - proprietorship is the simplest form of business organization. It is owned and operated by one person, with no legal distinction between the owner and the business. General partnerships involve multiple partners, limited liability companies and corporations have more complex legal and regulatory requirements.

Answer:

B. sole proprietorship