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A one-person corporation can be formed by:Group of answer choicesA natural person, trust, or an estateA partnershipA publicly-listed companyA government-owned corporation

Question

A one-person corporation can be formed by:Group of answer choicesA natural person, trust, or an estateA partnershipA publicly-listed companyA government-owned corporation

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Solution

A one-person corporation can be formed by a natural person, trust, or an estate. This is because a one-person corporation is a type of business entity that is owned and operated by a single individual. This individual can be a natural person, who is a living human being, or a legal entity such as a trust or an estate.

A partnership, a publicly-listed company, or a government-owned corporation cannot form a one-person corporation because these entities involve more than one person or party. A partnership involves two or more people who share the profits and losses of a business. A publicly-listed company is owned by numerous shareholders who have purchased shares in the company. A government-owned corporation is owned by the government and is typically managed by government officials.

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