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Explain the Advantages of Sole Proprietorship

question 12

Essay

Explain the advantages of sole proprietorship.


Definitions:

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.

Minimum Number

Refers to the smallest quantity or lowest limit required or allowed, often used in the context of inventory, attendance, or statistical data.

Directors

People chosen by the company's shareholders to supervise the administration and make significant decisions on behalf of the corporation.

Meeting

A gathering of two or more people for the purpose of discussing and/or acting upon matters of common interest.

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