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A Difficulty That Sole Proprietors Try to Overcome Is the Fact

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A difficulty that sole proprietors try to overcome is the fact that they have trouble competing with large firms for expert talent. Large firms can usually pay better and offer fringe benefits that are unaffordable to the sole proprietor.


Definitions:

States

Political and territorial divisions within a country, having a specific level of autonomy and government to manage local affairs.

Bradwell v. Illinois

An 1873 Supreme Court case that upheld a decision denying Myra Bradwell the right to practice law, based on her gender.

Property Rights

Legal rights and interests an individual has in tangible or intangible items, encompassing both ownership and use.

Fourteenth Amendment

is an amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States, which included former slaves, and provides all citizens with equal protection under the laws.

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