Angelica has been studying various forms of business ownership for her art gallery. She thinks she will select this type of legal structure because it is the easiest and most common form of business ownership for small business owners.

Question

(1 point)
Responses

Partnership
Partnership

Corporation
Corporation

Sole proprietorship
Sole proprietorship

Limited liability company

Answer 1

The correct response for the easiest and most common form of business ownership for small business owners is:

Sole proprietorship