The most common form of ownership when setting up a business is a sole proprietorship.docx

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The most common form of ownership when setting up a business is a sole proprietorship, because people want their own revenue and they don’t need to file anything except if they’re going to name their business something else. “The sole proprietor can maintain complete control over all aspects of the business. There are no shareholders to pacify and no board of directors to appease. If you feel you need to purchase a piece of equipment, you do not have to justify your actions to others” (“Why Are Sole Proprietorships the Most Common Form of Business Ownership?”Chron.com, smallbusiness.chron.com/sole-proprietorships-common-form-business-ownership-58009.html.). This one of the main reasons why sole proprietorship is one of the mostcommon forms of business ownership, and “As a sole proprietor you can operate any kind of business as long as you are the only owner. It can be full-time or part-time work” (What are the
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Term
Spring
Professor
Wend, T
Tags
Accounting, Business, Revenue,

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