asked 167k views
1 vote
Marcus has decided to open an auto detailing business. He will pick up an automobile from the​ client, take it to his​ parents' garage, detail​ it, and return it to the client. If he does all of the work himself and takes no legal steps to form a special​ organization, which type of business​ organization, in​ effect, has he​ chosen?

asked
User Vorou
by
7.5k points

1 Answer

4 votes

Answer:

A sole proprietor

Step-by-step explanation:

His business is owned and run by one person, himself. There is no distinction between the owner and the business entity. It is possibly for him to hire emplyees is not required to do all the work.

Marcus receives all the profits and has responsiblity for the debts and losses which could arise from his enterprise. The debts of the autodetailing business are his.

answered
User Srgsanky
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories