1159. Business owned by a single person in unincorporated way is called

proprietorship
personal business
Private Corporation
personal ownership
✅ The correct answer is A.
Business owned by a single person in unincorporated way and self controlled is called proprietorship. A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run or managed by single person and in which there is no legal distinction between the owner and the business entity.

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