Marco is opening a new computer repair shop. He is owner and sole employee. He has paid the appropriate fees and licensing costs and begun his business. This is an example of a(n) ________.

Sole proprietorship is a type of business entity in which one individual owns the business and is personally responsible for all the risks attached and debts. It's the most simplest form of business. The business is owned and ran by an individual who makes all the business decision concerning his business. In this case, Marco is practicing sole proprietorship form of business because he's the owner and sole employee.

Emhicee Emhicee · Answer 2 · 2020-03-16T02:13:57+01:00

Answer:

Sole proprietorship

Explanation:

A sole proprietorship is a business owned and run by one individual and is not listed as a corporation. A sole proprietorship business is one that is easy to start, simple and all that is needed majorly is to register the name of the person.

Like every aspect of life, there are advantages and disadvantages of sole proprietorship. The positives include full control of the business, etc. One of the most common disadvantages is the fact that the individual will bear every loss by him or herself.

I hope this helps.