Elena opens a one-owner phone repair kiosk by filing a county DBA form and paying $35, with no articles of incorporation. What characteristic does this show?

Omar starts a one-owner tutoring business after buying supplies and getting a city business license, with no partnership agreement or board. What advantage is shown?

Talia's one-owner candle booth earns $14,000 in profit after expenses, and she does not split it with anyone. Which advantage is shown?

Ben launches a one-owner lawn-care service with his personal mower, a local permit, and no separate legal entity. What characteristic fits this startup?

Kayla's one-owner cleaning service cannot pay a $22,000 supply bill, and a court lets the supplier collect from her personal savings. What feature is shown?

Miguel's one-owner food cart loses a lawsuit, and the judgment can be collected from Miguel's personal pickup truck. What disadvantage is illustrated?

Priya owns a floral shop as a sole proprietorship, and her friend owns one as a corporation. Both shops owe a vendor $18,000 they cannot pay. Whose personal bank account is at risk?

Noah's one-owner repair shop defaults on its lease, and the landlord sues Noah personally for the unpaid rent. What feature does this demonstrate?

Aisha's solo design studio cannot pay a $9,500 loan, so the lender may pursue her personal car as well as business cash. What sole proprietorship feature appears?

Jalen's one-owner bike repair shop files no income tax return of its own; its $52,000 profit is reported on Jalen's personal return. What treatment is this?

Maria's solo bookkeeping business earns $39,000 in profit. Besides income tax, which tax does she usually owe on that profit herself?

Devon's one-owner car-detailing business takes in $60,000 and has $22,000 in expenses. How much profit goes on his personal tax return?

Sasha's one-owner jewelry stand earns $12,000 in profit, but she leaves all of it in the business account. How much of that profit is taxed as her income this year?

Lin's one-owner bakery needs $80,000 for a second oven but cannot issue stock, so the money must come from savings or a loan she signs. What is illustrated?

Which form of business ownership is the most common in the United States by number of businesses?

Nina takes $2,000 from her one-owner pet-sitting company's cash each month to pay her personal bills. What is this withdrawal called?

Unlike a public corporation, Cole's one-owner screen-printing shop does not have to publish its sales and profits. What advantage is shown?

Ray's one-owner plumbing business ends when Ray dies, and his estate sells the tools and trade name. Which characteristic does this show?

Mei's one-owner yoga studio closes when she retires, and the mats and trade name are sold instead of the business carrying on. What feature is shown?

Carlos runs a one-owner tax-prep service. When illness makes him stop accepting clients, the business dissolves because no other owners remain. What characteristic is this?