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Ch 8 Econ
Terms in this set (6)
1) Sole proprietorship
The 3 basic options of starting a business?
A business owned and managed by a single individual.
What percent do sole proprietorships make up over all of businesses?
What percent do sole proprietorships generate of total sales?
A little of everything
What do sole proprietorships do?
- Pick a name and register it
- Get a business license
- Get certificate of occupancy if she has an office
What do you have to do to establish a sole proprietorship?
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