What Is a Sole Proprietorship? Identify and Explain Two Advantages

question 6

Essay

What is a sole proprietorship? Identify and explain two advantages and two disadvantages of sole proprietorships.

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Definitions:

Washington, DC

The capital city of the United States, known for housing the federal government's three branches.

Referent

A referent is a specific entity or object that a term or symbol refers to in the real world, anchoring language to concrete or abstract things.

U.S. Presidents

Individuals who have held the office of the President of the United States, the head of state and government in the U.S.

American Civil War Soldiers

Individuals who served in the military forces of the Union or the Confederacy during the American Civil War from 1861 to 1865.