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Why Is a Sole Proprietorship the Most Flexible Type of Business

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Why is a sole proprietorship the most flexible type of business?


Definitions:

Endowment Fund

A financial endowment given to institutions like universities, museums, and non-profits to invest and use the annual income from investments for operations or programs.

Perpetuity

A financial instrument that pays a steady, never-ending stream of cash flows to the investor.

Compounded Semi-Annually

A method where interest is added to the principal balance of an investment or loan twice a year, leading to compound growth.

Trust Fund

A legal entity that holds and manages assets on behalf of another, guided by the terms set forth in a trust agreement.

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