When a business has only one owner,and that owner takes no action in connection with choosing the form of business under which to operate,the business is a sole proprietorship.

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Quizplus · Accepted Answer

A sole proprietorship is a business owned and operated by one person, and is the default legal structure for businesses with a single owner who has not taken any action to form a different type of business entity.

When a Business Has Only One Owner,and That Owner Takes