Agency problems would be less likely to exist in a:

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Sole proprietorship is a form of business organization where a single owner manages the business. Since there is no separation between the ownership and management, it is less likely to have agency problems. In other forms of organization such as partnerships, private companies, or public companies, there is a separation between the ownership and management, which can result in agency problems due to conflicts of interest between the two.

Agency Problems Would Be Less Likely to Exist in A