A comparison of the three major forms of business ownership shows that sole proprietorships are usually the most difficult type of business to establish.

Question

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Sole proprietorships are usually the easiest type of business to establish, as they involve only one owner who has complete control over the business. Corporations, on the other hand, require extensive legal and financial documentation, and partnerships require legal agreements between two or more owners.

A Comparison of the Three Major Forms of Business Ownership