题目内容
A ________ is a form of business that is owned, and usually managed, by one person.
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The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations.
When two or more people legally agree to become co-owners of a business, the form of business is called a partnership.
A legal entity with authority to act and have liability separate from its owners is called a sole proprietorship.
A major advantage of sole proprietorships is that an owner has limited liability for the debts of his or her business.
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