Question

question 1 of 19 which type of business ownership involves a single owner with unlimited liability? select an answer from the options below. a corporation b limited partnership c sole proprietorship d limited liability company

Explanation:

• Corporation: Shareholders have limited liability.
• Limited Partnership: General partners have unlimited liability, but there are also limited partners.
• Sole Proprietorship: A single owner who has unlimited liability.
• Limited Liability Company: Owners (members) have limited liability.

Answer:

C. Sole Proprietorship