Jim organized and operates Jim's Landscape Service. Jim did not do anything formal to create his business, but operates the landscape business under this name. The law would consider his business:_________

sole proprietorship is a type of business which is owned and managed by one person and there is no legal difference between owner and business entity itself.

Since in this case business is under the name of Jim, it is sole proprietorship under the law

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chilljain33 chilljain33 · Answer 2 · 2021-12-15T07:15:41+01:00

In the eyes of law Jim's business would be treated as a sole proprietorship firm.

As the name suggest Jim will be the sole owner of this business and liable for all the activities related to it.

A sole proprietorship business is a form of business run, managed and organised by a single owner .

It is the simplest form of business organisation and can be started with zero to minimal registration requirements.

It has no individual existence and Jim will solely responsible for the operations of the firm.

He need not share profits and bear the losses wholly in personal capacity.

Jim can sue and be sued under his name in case of any disputes with third party.

As Jim started his buisness without any initial formalities his business is considered to be sole proprietorship in the eyes of law.

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