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Sole Proprietorships
Sole Proprietorship
A sole proprietorship is a form of business ownership commonly utilized by small businesses. There is only one business owner in a sole proprietorship. A sole proprietorship typically conducts business under a trade name or under the owner's own name. There is no limitation on the number of employees a sole proprietorship may have. As in any type of business, there are unique advantages and disadvantages to a sole proprietorship.
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