A ________ Is the Simplest Form of a Business to Establish

question 39

Multiple Choice

A ________ is the simplest form of a business to establish, as the person who owns it and the business itself are treated as the same entity.

• A)Subchapter C
• B)limited liability corporation
• C)limited partnership
• D)sole proprietorship

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Definitions:

Constitution

Core rules and time-honored norms that dictate how a state or similar entity is administered.

Federal Judicial Power

The authority granted to the federal courts and justices to interpret and apply the law in legal cases under the U.S. Constitution.

Article III

Refers to a section of the U.S. Constitution that establishes the judicial branch of the federal government.

Constitution

The basic laws and traditional practices that guide the operation of a government or another institution.