Question

Andrew founded and operated a wedding planning agency, which specialized in celebrity weddings. When he died, his business was dissolved because there was no plan for control after his death.

Answer 1

Business Scenario: Sole proprietorship

Step-by-step explanation:

• The sole proprietor is the sole proprietor of the business. He earns losses only from trade and only profits from trade. There is no difference between business and owner.
• It is very easy to create and cancel such a business because the government is not involved in it.