The Most Common Business Organizations in the United States
Partnerships
Sole Proprietorships
Sole proprietorships are another common form of business organization in the United States. In a sole proprietorship, a single individual owns and operates the business. This individual is solely responsible for all aspects of the business and receives all profits.Corporations
Corporations are also prevalent in the business world in the United States. A corporation is a separate legal entity owned by shareholders. This structure provides limited liability protection to the owners.Franchises
Franchises are popular business organizations that allow individuals to own and operate a business under the brand and system of a larger company. Franchisees pay fees and royalties to the franchisor in exchange for the right to use their brand.Answer:
ANSWER: sole proprietorships.
Explanation:
What is the most common business organization in the United States? The most common business organization in the United States is sole proprietorships.