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Rico, the Owner of Simply Sushi, Is a Sole Proprietor

Question 65

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Rico, the owner of Simply Sushi, is a sole proprietor. What are the chief characteristics, advantages, and disadvantages of this form of business organization? Rico wants to obtain additional capital to expand Simply Sushi, but she does not want to lose control of the firm. As a sole proprietor, what is her best option to attain these goals?​

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A sole proprietorship is the simplest fo...

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