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Q: What is the simplest form of business owned and operated by one person?
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What is the simplest form of business owned and operated by one person is called?

S-corporation


What is the simplest form of business owned and operated by more than one person?

Sole proprietorship


What is a business owned and ran by one person?

A business owned and operated by one individual is known as a sole proprietorship.


What is free market system?

It means the the business is privately owned and operated. It is not owned or controlled by the goverment.


A business thst is owned and operated by a single individual is know as a proprietorship?

A business that is owned and operated by a single individual is know as a proprietorship


Why is incorporaation necessary to form a company?

It is not necessary. To be "incorporated" means that the company/business is a corporation which means it is owned by stockholders and operated by officers hired by stock holders. A company can also be a sole-proprietorship (owned and operated by one person) or a partnership (owned/operated by 2 or more people) both of which are not incorporated.


What is freemarket system?

It means the the business is privately owned and operated. It is not owned or controlled by the goverment.


What is a locally owned and operated restaurant?

well first of all it would help if you told where you lived == "Locally owned and operated" means that the business is actually owned by someone who lives in the area, and that person also runs the business. Many chains such as KFC will have local owners who own and run one or more stores.Answer KFC and their ilk are franchises and therefore would not come under the aegis of "locally owned and operated", which suggests a degree of independence not available to franchisees.


Where can a 12-year-old in California get a job?

in a family owned and operated business


Which term is used to describe a business that is owned and democratically operated by its members?

cooperative


What is a Business organization owned and operated by a group of individuals for their mutual benefit?

cooperative.


What is classed as a small business?

A small business is a business that is privately owned and operated with a small number of employees.Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.