A sole proprietorship requires an approval from federal agencies to transfer or sell the business.

Name: A sole proprietorship requires an approval from federal agencies to transfer or sell the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A sole proprietorship is a business entity owned and operated by one person. There are no specific federal agencies that require approval for transferring or selling the business. However, there may be state or local requirements that vary depending on the location and type of business.

A Sole Proprietorship Requires an Approval from Federal Agencies to Transfer