Answered

Ryan started a tutoring website. After a few months, a publishing company filed a lawsuit against his company for copyright infringement. Ryan had to shut down his business and lost all his personal assets in the process. What type of business is this?

Answer :

Answer:

The correct answer is: Sole Proprietorship.

Explanation:

A Sole Proprietorship is the type of business where there is a single owner who is the same individual in charge of the operations and is fully liable for debt and responsibilities derived from the business transactions. Sole proprietorships are not considered entities in the U.S. and because they have few regulations to cover they are easy to form and dismantle.

Other Questions