Answer:
D. sole proprietorship
Explanation:
A sole proprietorship is a business owned a one person. The business owner manages and makes all the decisions by himself. He or she enjoys profits alone but also incurs all the losses. Sole proprietorships are easy to start and run. In many states, only a trading license from the local authority is required.
In law, the sole proprietorship is not an independent legal entity. The owner has unlimited liability to the obligation of the business. Should the business fail to honor its debts, the personal properties of the owner may be used to settle the obligations.
