Question

Please help asap

Answer 1

Answer: A. Not highly regulated by the government.

Explanation: Sole proprietorship is a type of business that can be owned by a single person. This is not a legal entity. A single person operates the business and is responsible for profit, loss and debts. Sole trader is not answerable to anyone. This business is very common because of its simplicity, start-up cost is low, decision can be made by the owner and he or she keeps all the profit. Sole traders only need to register their business name once but this is not always necessary.