Which of the following is not one of the four major forms of business entities that are discussed in this chapter?

A) sole proprietorship
B) corporation
C) partnership
D) subchapter S corporation

Business Entities

Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual, who bears unlimited liability.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.