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business ownership
BUSINESS OWNERSHIP
Compare forms of business ownership.

Three basic forms of business ownership
Sole proprietorship
Partnership
Corporation

Sole proprietorship
A business owned and operated by one person.
Approximately 76 percent of all businesses in the U.S. Are sole proprietorships.
Advantages of sole proprietorships
Easy and inexpensive to create.
Owner makes all business decisions.
Owner receives all profits.
Least regulated form of business
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