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Which form of business ownership is characterized by a single owner with unlimited liability?

Practice Questions

1 question
Q1
Which form of business ownership is characterized by a single owner with unlimited liability?
  1. Corporation
  2. Sole proprietorship
  3. Limited liability company
  4. Partnership

Questions & Step-by-step Solutions

1 item
Q
Q: Which form of business ownership is characterized by a single owner with unlimited liability?
Solution: A sole proprietorship has a single owner who is personally liable for all business debts.
Steps: 0

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