Angelica has been studying various forms of business ownership for her art gallery. She thinks

Question

she will select this type of legal structure because it is the easiest and most common form of
business ownership for small business owners

(1 point)

○ Partnership

○ Corporation

○ Sole proprietorship

○ Limnited liability company

Answer 1

The correct answer is Sole proprietorship. Sole proprietorships are the easiest and most common form of business ownership for small business owners, as they require minimal formalities to set up and operate.