A ____________ is a small business that consists of an individual or man and wife.

Question

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A sole proprietorship is a small business that is owned and operated by a single individual, or in some cases, by a married couple. It is the simplest and most common form of business organization, and the owner has complete control over all business operations and decision-making. Partnerships involve two or more individuals sharing ownership and decision-making, while corporations are legal entities that are owned by shareholders and may have many employees and complex management structures. A general partnership is a specific type of partnership in which all partners share equally in the management and profits of the business.

A ____________ Is a Small Business That Consists of an Individual