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Sole Proprietorship

What is a Sole Proprietorship?

A sole proprietorship is the simplest and most common form of business structure, characterized by a single individual owning and operating the business. In a sole proprietorship, there is no legal distinction between the business and the owner. The owner is personally responsible for all aspects of the business, including its debts and liabilities. This form of business structure is straightforward to set up and manage, making it a popular choice for small businesses and solo entrepreneurs.

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