What Legal Form Has the Smallest Percentage of New Businesses

question 144

Multiple Choice

What legal form has the smallest percentage of new businesses?

• A)sole proprietorship
• B)partnership
• C)C corporation
• D)S corporation

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Definitions:

Organization

A structured group of people working together to achieve specific goals.

Characteristics

Qualities or features that are typical of a person, thing, or group and serve to identify them.

Delegation

The assignment of responsibility or authority from one person to another for specific tasks or functions.

Organic Company

A business that is flexible, adaptive, and informal in its structure and operations, often contrasted with more bureaucratic, traditional firms.