Under this business form,the owner has complete control over the conduct and management of the business.

Question

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A sole proprietorship is a form of business where there is only one owner who has complete control over the management of the business. The owner is personally liable for all debts and obligations of the business, but also retains all profits earned by the business. This form of business is easy to set up and has fewer legal formalities compared to other business forms like corporations or partnerships.

Under This Business Form,the Owner Has Complete Control Over the Conduct