Question

Joshua started a tutoring website. After a few months, a publishing company filed a lawsuit against his company for copyright infringement. Joshua had to shut down his business and lost all his personal assets in the process.This is an example of which of the following:a) a partnershipb) a proprietorshipc) an LLP/LLCd) a corporation

Answer 1

Answer:

b. a proprietorship

Explanation:

A proprietorship -

It refers to the most simplest business form , where one can start or operate an business , is referred to as a proprietorship  .

A sole proprietorship refers to the person , who can operate a business , and is responsible for any type of loss or debt , is referred to as a sole proprietorship .

Hence , from the given scenario of the question,

The correct option is b. a proprietorship .