Question

Jules Sylvester had always loved reptiles. When he was asked by a movie producer if he could locate some anaconda snakes for a movie, a business was born. Sylvester is the proud owner and operator of Reptile Rentals. The California-based business, which he started with no financial help from anyone, is often called on to provide "creepy, crawly" moments in the movies. Jules Sylvester is an example of a___________.A.Sole partnershipB.Sole proprietorshipC.S corporationD.Limited partnershipE.General proprietorship

Answer 1

The correct answer is letter "B": Sole proprietorship.

Step-by-step explanation:

A Sole proprietorship is a type of business with a single owner who runs the business and is fully liable for all the transactions of the company. Sole proprietorships are typically self-funded by the owners and are easy to create since there are not many government regulations on this type of organization and are easy to dissolve as well.