Asked by Mariana Huerta on Apr 23, 2024

There are more than_____ sole proprietorships in the United States.

A) twenty million
B) fifty million
C) sixty million
D) sixty-five million

Sole Proprietorships

A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

United States

A federal republic in North America comprising 50 states, known for its significant influence in global economic, political, and cultural matters.

Twenty Million

The numerical figure 20,000,000.

  • Gain an understanding of the primary definitions and characteristics pertaining to diverse business structures like sole proprietorships, partnerships, and corporations.