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Sole proprietorship: Quiz


Question 1: A sole proprietorship also known as a sole trader, or simply proprietorship is a type of ________ which is owned and run by one individual and where there is no legal distinction between the owner and the business.
CorporationBusinessCompanies lawCorporate law

Question 2: To minimize those risks, a sole proprietor has the option of forming a corporation, or, more recently, a ________.
Limited liability partnershipLimited liability companyLimited partnershipInstitutional investor

Question 3: It is a "sole" proprietorship in the sense that the owner has no partners (________).
BusinessPartnershipLimited partnershipCompanies law


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