4
QuizMultiple Choice

Sole Proprietorships and Agency

Question 4 • DRHS Legal Environment of Business (06.41500) GA

You decide to start operating a business selling friendship bracelets online, in your own name, and with your own address. You do not have or use an official business name or moniker. You are a sole proprietor.

Answer
A
True
B
False

Explanation

A sole proprietorship is a business owned and operated by one person, with no separate legal entity formed. Since you sell the bracelets in your own name and do not use a separate business name, you are operating as a sole proprietor. The correct choice is “True.”

AI-written and checked against the verified answer.