In a sole proprietorship, how many owners typically run the business?

• A. One owner.
• B. Two or more owners.
• C. A corporation as separate entity.
• D. A nonprofit board.

Answer: (A)

A sole proprietorship is owned and run by one person. In this setup, there’s no legal separation between the owner and the business, so the owner has complete control, makes all decisions, and personally receives profits while also bearing any losses. That’s why the number of owners is one. The other options point to different business forms: two or more owners would indicate a partnership; a corporation operates as a separate legal entity; and a nonprofit board is governance for a nonprofit, not a for‑profit sole proprietor. You can have employees, but ownership remains with a single person.