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Easy to Start, the Owner Is His/her Own Boss and Keeps All the Profits. These Are Advantages of What Type of Business Partnership

Problemas

Easy to start, the owner is his/her own boss and keeps all the profits. These are advantages of what type of business partnership corporation sole proprietorship law as one person is known as a A business that is owned by many people - stockholders, but treated by the 3 points corporation partnership sole proprietorship 3 points

Roztwór

Alessandra veterano · Tutor durante 9 años
Weryfikacja ekspertów
4.1 (295 Votos)

Respuesta

1. Sole proprietorship2. Corporation

Explicación

## Step 1The first part of the question describes a business where the owner is their own boss and keeps all the profits. This is a characteristic of a sole proprietorship. In a sole proprietorship, there is only one owner who has full control over the business and all the profits.## Step 2The second part of the question describes a business that is owned by many people - stockholders, but treated as one person. This is a characteristic of a corporation. In a corporation, the business is considered a separate legal entity from its owners, and the owners are treated as shareholders.