Examlex
Evaluate and Perform Operations with Higher Roots
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Sole Proprietorship
The simplest form of business organization in which the owner is the business. Anyone who does business without creating a formal business entity has a sole proprietorship.
Professional Corporation
A type of corporation for professionals such as lawyers, doctors, and accountants, subject to specific regulatory provisions.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities.
Sole Proprietorship
A business structure where a single individual owns, operates, and is responsible for the business, enjoying all profits and bearing all losses.
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