Author Question: A sole proprietorship is a form of business ownership in which: A) a business is considered a legal ... (Read 823 times)

ss2343 · **on:** Jul 14, 2018

A sole proprietorship is a form of business ownership in which:
A) a business is considered a legal entity that is separate from its owners.
B) a single owner actively manages a company.
C) two or more people act as co-owners of a company.
D) the owners of a business are offered limited liability and flexible tax treatment.

Question 2

What is an owner of a corporation called? What is the difference between a closed corporation and an open corporation?

macagn · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

B

Answer to Question 2

An owner of a corporation is a stockholder. A closed corporation is a corporation whose stock is owned by relatively few people and is not sold to the general public. An open corporation is one whose stock can be bought and sold by any individual.