The most common business organizations in the united states are

Posted By Admin @ September 03, 2022

Question:

The most common business organizations in the United States are

A.partnerships.
B.sole proprietorships.
C.corporations.
D.franchises.

Answer:

The business organizations in the United States that can be considered as most common is :B.sole proprietorships.

  • A sole proprietorship can be regarded as  sole tradership, it involve individual entrepreneurship, this type  of enterprise is been owned and run just a person.

  • In this business there is zero legal distinction existing between the owner as well as the business entity.

Example of proprietorship are;

  1. Local grocery store
  2. Artist
  3. Freelancer
  4. IT consultant.

Therefore, option B is correct.

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