ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Franchise
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Corporation
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Partnership
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Entrepreneurship
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Detailed explanation-1: -Sole Proprietorship This is a business run by one individual for their own benefit. It is the simplest form of business organization. Proprietorships have no existence apart from the owners.
Detailed explanation-2: -A sole proprietorship is a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner. The owner of a sole proprietorship is entitled to all profits but is also responsible for the business’s debts, losses, and liabilities.
Detailed explanation-3: -Limited liability company (LLC) Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations, or other LLCs. Unlike shareholders in a corporation, LLCs are not taxed as separate business entities.
Detailed explanation-4: -Run a Bookkeeping Business. Provide Home Healthcare. Be a Financial Planner. Run a Landscaping Company. Computer Repair Services. Run a Catering Company. Offer Housecleaning Services. Be a Freelance Writer. More items