Question

In what type of business organization is each owner personally liable for all

business debts, even if the debts were created by other owners?

A. Proprietorship
B. S corporation
C. Corporation
D. Partnership

Answer 1

A

Step-by-step explanation:

It is the simplest form of business organization. Proprietorships have no existence apart from the owners. The liabilities associated with the business are the personal liabilities of the owner, and the business terminates upon the proprietor's death.