QuestionJuly 12, 2025

The overwhelming majority of existing businesses are A) partnerships. B) sole proprietorships. C) close corporations. D) corporations.

The overwhelming majority of existing businesses are A) partnerships. B) sole proprietorships. C) close corporations. D) corporations.
The overwhelming majority of existing businesses are
A) partnerships.
B) sole proprietorships.
C) close corporations.
D) corporations.

Solution
4.1(310 votes)

Answer

B) sole proprietorships. Explanation 1. Identify the most common business type Sole proprietorships are the simplest and most common form of business ownership, often chosen for their ease of setup and minimal regulatory requirements.

Explanation

1. Identify the most common business type<br /> Sole proprietorships are the simplest and most common form of business ownership, often chosen for their ease of setup and minimal regulatory requirements.
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