Question

Which type of business is defined in part by its public regulation?

A)public corporation

B)sole proprietorship

C)partnership

D)government corporation

Answer 1

Answer:

The business structure you choose influences everything from day-to-day. A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Unlike sole proprietors, partnerships, and LLCs, corporations pay income tax the public, nonprofits can receive tax-exempt status, meaning they don't pay.

Explanation:

Answer 2

Corporation involves the part of the public or the government regulations. All other types of businesses lacks the public regulation due to the unlimited liability and they are income tax payers.

What is public regulation?

Public regulation refers to the rule or the law in which company has to follow in order to run the business. it can also include to fullfill the necessary conditions such as liscening, registration etc

Sole proprietorship enjoys the unlimited liability thats why it lacks the government regulation whereas others have limited liability and the income tax payers had to abide himselves by these regulations

Learn more about Public regulations here:

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