The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations.
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Q3: Partnerships are the most common form of
Q4: The debts of a business operated as
Q5: Corporations represent 20 percent of all the
Q6: A legal entity with authority to act
Q7: It is usually easy to start and
Q9: Sole proprietors sometimes have trouble competing with
Q10: If the business is designated a sole
Q11: Few people today start their own business.
Q12: The profits of a sole proprietorship are
Q13: An advantage of forming a sole proprietorship
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