Question

Sole proprietorships are often owned by __________.

A.
financial institutions
B.
a small group of investors
C.
one person or a married couple
D.
people with a common interests

Answer 1

Hello there.

Sole proprietorships are often owned by __________.

a small group of investors
C.

Answer 2

Answer: Sole proprietorships are often owned by C. one person or a married couple.

Step-by-step explanation: The term 'sole proprietorship' makes reference to an enterprise owned and maintained by an individual or a married couple. Therefore, the person or couple that runs this type of business receives all the profits that comes from it but is also responsible for all its debts. Sole proprietors can use their legal names as a trade name of the enterprise; however, many people choose a fictitious name for their business.