Asked by
Madalynn Strauss
on Dec 19, 2024
Verified
A(n) __________ is an individual or a married couple pursuing business for a profit.
A) sole proprietorship
B) angel investor
C) limited partnership
D) partnership
E) company
Sole Proprietorship
A business structure where a single individual owns, manages, and is responsible for all aspects of the business.
Married Couple
A legally wedded partnership comprising two individuals who have undergone a marriage ceremony and are recognized as spouses.
Angel Investor
An angel investor is a wealthy individual who provides capital to start-ups or entrepreneurs, often in exchange for ownership equity or convertible debt.
- Identify the differences between distinct categories of business ownership and their legal repercussions.
Verified Answer
NB
Learning Objectives
- Identify the differences between distinct categories of business ownership and their legal repercussions.