A business that ends automatically with a change in the only member of ownership is a

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A sole proprietorship is a business owned and operated by one individual. It does not have a separate legal entity, and therefore, it ends automatically with the change in ownership. This is unlike a corporation, which is a separate legal entity that continues to exist even after changes in ownership or management. A partnership is a business owned by two or more individuals, and a general partnership is a type of partnership in which all partners share profits, losses, and management responsibilities. However, partnerships also require agreements and legal documentation to dissolve, unlike a sole proprietorship.

A Business That Ends Automatically with a Change in the Only