The newest form of business ownership is: a. sole proprietorship.
What is sole proprietorship
A sole proprietorship can simply be defined as a one man business.
In a sole proprietorship decision is often made by the sole owner of the business as the owner has the full power to control all areas of his or her business.
The type of tax the sole proprietorship can pay on the profit they made from their business is personal income tax as they are the soles owner of the business.
Inconclusion the newest form of business ownership is: a. sole proprietorship.
Learn more about sole proprietorship here:https://brainly.com/question/4442710
