Question

This form of medical practice may have personal property attached in case of business failure and earns all of the profit when the business succeeds.

Select one:
a. profit sharing corporation
b. partnership with limits
c. sole proprietorship
d. specialty group
e. professional corporation

Answer 1

A sole proprietorship is a form of business organization where a single individual owns and operates the business, assuming all the risks and keeping all the profits.

Step-by-step explanation:

The correct answer to this question is sole proprietorship. A sole proprietorship is a form of business organization where a single individual owns and operates the business. In this type of business, the owner is personally responsible for any debts or liabilities of the company.

The owner also keeps all the profits generated by the business. This form of medical practice allows for personal property to be attached in case of business failure and earns all of the profit when the business succeeds.