A Business Owned by a Single Individual Is Called A

question 4

Multiple Choice

A business owned by a single individual is called a:

• A)corporation.
• B)sole proprietorship.
• C)general partnership.
• D)limited partnership.
• E)limited liability company.

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Definitions:

Pleadings

Written statements filed with a court by parties in a legal dispute, detailing the claims, defenses, and other legal arguments.

Complaint

A formal legal document filed in a court by a party alleging harm or wrongdoing by another party, and seeking legal redress or relief.

Summons

A legal document issued by a court or a government official that orders an individual to appear in court.

Answer

A legal document filed in court by a defendant responding to the allegations made in a plaintiff's complaint, offering defenses or counterclaims.