Answer:
O False
Step-by-step explanation:
Corporations are independent legal entities that have commercial rights like individuals. They can acquire properties, incur debts, enter into contracts, sue, and be sued. The owners are its shareholders and enjoy limited liabilities to its debts. The corporation business structure is most complex to establish and run. Due to this reason, they are fewer in numbers compared to the other forms of business structures.
The sole proprietorship structure is the most common type of business ownership in the US. Of all business structures, the sole trader is the simplest to start and operate.