Question

Andrew founded and operated a wedding planning agency, which specialized in celebrity weddings. When he died, his business was dissolved because there was no plan for control after his death.
Type of business:___________

Answer 1

Answer:

Sole proprietorship

Explanation:

The sole proprietor is a single owner of a business. He bears the loss of From the business alone and also enjoys gains from the business alone. There is no distinction between the business and it's owner. Such a business is easy to form and dismantle because the government has no involvement in it.

From the question since Andrews business was dissolved when he because there was no plan for control after his death, this signifies a sole proprietorship.