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Which of the following types of business entities is owned by one individual?

a. Corporation
b. Partnership
c. Proprietorship
d. Limited liability company (LLC)

User Hayesgm
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2 Answers

4 votes

Final answer:

A sole proprietorship is a type of business entity that is owned by one individual.

Step-by-step explanation:

The type of business entity that is owned by one individual is called a sole proprietorship. A sole proprietorship is a business organization that is owned and operated by a single individual. In this type of business structure, the owner has complete control over the business and is personally responsible for all debts and liabilities.

User Foxocube
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3 votes
Answer:
C. Proprietorship.

Step-by-step explanation:

A proprietorship is owned by one individual, making them personally responsible for the business, while a corporation, partnership, and LLC involve shared ownership or separate legal entities.
User Bhalothia
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