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A Sole Proprietorship Is an Unincorporated Business Owned by One

question 45

True/False

A sole proprietorship is an unincorporated business owned by one person.


Definitions:

Profiting

The act of earning a financial gain or benefit, often from business operations or investments.

Insure

The act of providing or acquiring insurance coverage to mitigate financial loss due to unforeseen events.

Legal Column

A section in a publication or media outlet dedicated to discussing legal matters, advice, or news.

Ferry Service

A ferry service is a transportation service using boats or ships to carry passengers, vehicles, or goods across a body of water, typically operating over a scheduled route.

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