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Sagot :
'Sole proprietorship means single-person ownership and offers the advantages of simplicity of decision making and low organizational and operating costs.
This statement is true.
A sole proprietorship, also known as sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.
A sole proprietor is a person who owns an unincorporated business. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you choose to treat the LLC as a legal entity.
A sole proprietor is an individual who owns and operates his own business. The easiest and most common business to set up is a sole proprietorship. Sole proprietorships have fewer tax returns to fill out and are less expensive to start a business.
Learn more about Sole proprietorships https://brainly.in/question/5781838
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