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Why Are So Many Businesses Structured as Sole Proprietorships When

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Essay

Why are so many businesses structured as sole proprietorships when the corporate form of business offers more advantages?


Definitions:

Express Warranty

An express warranty is a seller's promise or guarantee that a product will meet a certain quality or functionality standard.

Value or Worth

The importance, usefulness, or monetary valuation of something, often subject to change based on market demand or condition.

Statement About

A declaration or account made about a specific subject, detailing facts or opinions.

Implied Warranty

A legal term for the assumption that a sold product will fulfill its intended purpose.

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