The most common business organizations in the united states are.
- Partnerships.
- Sole proprietorships.
- Corporations.
- Franchises.
Answer:- 2. Sole proprietorships.
The sole proprietorship is the most common form of business organization. There are three common kinds of businesses—sole proprietorship, partnership, and corporation—and each comes with their own set of advantages and disadvantages. The sole proprietorship refers to the business that can be owned and controlled by an individual, a corporation or a limited liability partnership. There are no partners in the business. The lawful status of a sole proprietorship can be defined as follows: This is not a separate lawful entity from the business owner. The sole proprietor has unconditional and complete control over the business. Example: Beauty parlor, barbershop, general store and sweet shop run by a single owner.
Sole proprietorship is the most flexible business structure. The sole proprietor has entire control and full decision-making power over policies, profits and capital investment. This is easy to close down the business.
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