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By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole
proprietor. The majority of U.S. businesses are owned and operated as sole proprietorships.
Write a one- to two-page letter advising a hypothetical sole proprietor to choose another form of business
ownership. Explain why he or she should convert the sole proprietorship to another form of business ownership
(for example, a traditional “C” corporation, an “S” corporation, or a limited liability company).

 

 

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