The correct response is Sole Proprietorship. This type of business structure allows an individual to operate alone, and the owner is personally liable for all business debts, meaning creditors can go after personal assets to satisfy business obligations.
[This is type of business structure you would choose if you wanted to do things alone and be liable for the business debts making it so if you owed money to other businesses and couldn't pay they would go after your personal assets like your house and car. (1 point)
Responses
Sole Proprietorship
Sole Proprietorship
Limited Liability Company, LLC
Limited Liability Company, LLC
Non Profit 501 C3
Non Profit 501 C3
C- Corp
1 answer