To Operate as a Sole Proprietor Requires Very Little-Only a DBA

question 44

True/False

To operate as a sole proprietor requires very little-only a DBA (doing business as), and not even that if you use your own name as the name for the business.

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Definitions:

Credit Counseling

A service that assists individuals in managing their debt through financial education, budgeting, and the use of debt management plans.

Bankruptcy Petition

A legal document filed by an individual or corporate entity declaring the inability to repay outstanding debts.

Nonprofit

Organizations that operate for collective, public, or social benefit, without the goal of making profits for owners or investors.

Bankruptcy Estate

The assets and properties of an individual or entity undergoing bankruptcy, encompassing both tangible and intangible possessions.