A Business Is Likely a Sole Proprietorship If

Multiple Choice

A business is likely a sole proprietorship if:

A) it has two or more owners, with each owner liable for every other owner's actions.
B) it has only one owner who has unlimited liability.
C) it is legally treated as a person and owned by stockholders who are liable for the actions of the corporate "person."
D) multiple owners are liable only to the extent of their own investment.