Answer:
sole proprietorship
Explanation:
Sole proprietorship -
It is the simplest form of business , where there is only one and only one person , running the business , is referred to as a sole proprietorship .
It is not a legal entity , with only one head .
All the loss and income are taxed on the very person's income tax return .
It is also known as a sole trader , where the sole trader has the right to take any decision for the company and hence has got the right to employ any person to work under him .
Hence , from the given scenario of the question ,
The correct answer is sole proprietorship .
