select the correct answer.\nchris is a talented professional web designer who runs his own business. he…

select the correct answer.\nchris is a talented professional web designer who runs his own business. he handles all the aspects of the business himself. he is also personally liable for all debts and business liabilities. what kind of business ownership is this?\n\na. c corporation\nb. s corporation\nc. limited liability corporation\nd. sole proprietorship\ne. limited partnership

select the correct answer.\nchris is a talented professional web designer who runs his own business. he handles all the aspects of the business himself. he is also personally liable for all debts and business liabilities. what kind of business ownership is this?\n\na. c corporation\nb. s corporation\nc. limited liability corporation\nd. sole proprietorship\ne. limited partnership

Answer

Brief Explanations:

In a sole proprietorship, a single individual owns and runs the business and is personally liable for all debts and business liabilities. Chris runs his own business alone and has personal liability for its obligations, which fits the definition of a sole proprietorship. Corporations (C - corporation and S - corporation) and limited - liability corporations offer limited liability to their owners, and limited partnerships involve multiple partners with different levels of liability.

Answer:

D. sole proprietorship