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Han wants to launch a business that offers personal training. If he wants to be able to prevent management conflicts, he ought to choose a sole proprietorship business.
A sole proprietorship business is what?
A person who runs an unincorporated business alone is known as a sole proprietor. If you choose to treat a domestic limited liability company (LLC) as a corporation, however, and you are the only member, you are not considered to be a sole owner.
What are a sole proprietorship's benefits?
The top benefits of a solo proprietorship are:
- Low startup expenses.
- You are completely private.
- It's easy to start and run your own business.
- If circumstances change, it's simple to change your legal structure afterwards.
- You can also quickly dissolve your company.
What are characteristics of a sole proprietorship?
Characteristics of Sole Proprietorship are:
- Single Ownership.
- No Sharing of Profit and Loss.
- One man's capital.
- One-man Control.
- Unlimited Liability.
- Less Legal Formalities.
Learn more about sole proprietorship: https://brainly.com/question/1428023
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