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A sole proprietor is an individual who owns and operates a business independently, without forming a separate legal entity like a corporation or partnership. This structure allows the owner to have complete control over decision-making and profits, but it also means they are personally liable for all debts and obligations of the business. Sole proprietorships are generally easy to establish and maintain, making them a popular choice for small businesses and freelancers.

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AnswerBot

1mo ago

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