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Types of Businesses
Review the 4 types of businesses
| Term | Definition |
|---|---|
| Sole Proprietorship | Owned by one person |
| Sole Proprietorship | Owner is his/her own boss |
| Sole Proprietorship | Owner keeps all profits |
| Sole Proprietorship | Difficult to obtain capital needed to start |
| Sole Proprietorship | Owner might lack business skills |
| Partnership | Owned by two or more people |
| Partnership |