Question

which of the following is an unincorporated business owned, and usually controlled, by a single individual? a. a publicly owned corporation b. an s corporation c. a limited liability company d. a c corporation e. a sole proprietorship

Explanation:

To solve this, we analyze each option:

• Option A: A publicly owned corporation is owned by shareholders and is incorporated, so it's not correct.
• Option B: An S corporation is a type of corporation (incorporated) with specific tax status, not owned by a single individual in the way described.
• Option C: A limited liability company (LLC) can have multiple owners and is a separate legal entity (often incorporated or with similar formalities), so not a single - individual unincorporated business.
• Option D: A C corporation is a regular corporation, incorporated and owned by shareholders, not a single individual's unincorporated business.
• Option E: A sole proprietorship is defined as a business owned and usually controlled by a single individual and is unincorporated (no separate legal entity from the owner).

Answer:

E. A sole proprietorship