Question

Which is a traditional unincorporated one person business

Answer 1

Answer:

sole proprietorship is unincorporated businesses owned by one person and fully conducts the business itself. It is the easiest and used individual assets and properties to form the business. Furthermore, the liability of the sole proprietor is unlimited

Answer 2

Explanation:

The most common and traditional unincorporated entities are sole traders, partnerships, and trustees of trusts, and the more modern unincorporated entities include limited partnerships (LPs) (but not incorporated limited partnerships), limited liability partnerships (LLPs) (but not UK Limited Liability Partnerships .