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For sole proprietorships there is only one owner of the business and the owner does not share power or decision making with other owners. In the case of sole proprietorships the business is not a separate legal entity apart from the owner.
The advantages of a sole proprietorship compared to other business forms is that
It is [...]
If you have a business and you want to protect your personal assets from any law-suits arising out of the operation of your business or from their real estate investment, the Limited Liability Company is the commonly chosen business form to achieve that in the states. It has its origins in the German equivalent, the [...]
