How many owners are found in a sole proprietorship?Multiple Choiceone ownertwo or more ownersany number of shareholdersup to 100 shareholders
Question
How many owners are found in a sole proprietorship?
Multiple Choice
- one owner
- two or more owners
- any number of shareholders
- up to 100 shareholders
Solution
Identifying the Correct Answer
- A sole proprietorship, by definition, is a business structure owned and run by one individual.
- It does not require formal incorporation, and the owner has complete control.
Analyzing the Options
- One Owner: This aligns with the definition of a sole proprietorship.
- Two or More Owners: This does not fit, as a sole proprietorship cannot have multiple owners.
- Any Number of Shareholders: This describes corporations, not sole proprietorships.
- Up to 100 Shareholders: This also pertains to corporations or certain LLCs but not sole proprietorships.
Final Answer
The correct option is one owner.
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