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===Option 1. Sole proprietorship=== | ===Option 1. Sole proprietorship=== | ||
A sole proprietorship is the simplest form of business. It has several advantages: | A '''sole proprietorship''' is the simplest form of business. It has several advantages: | ||
* It’s the least expensive form of business to set up. | * It’s the least expensive form of business to set up. | ||
* You don't have to share the profits with anyone. | * You don't have to share the profits with anyone. |
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