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23 August, 05:27

When two people agree to mutually pursue an economic venture can they do so as sole proprietors

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  1. 23 August, 06:43
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    That statement is false

    Sole proprietors is a type of business which ownership is fully controlled by one single individuals. By definition, two people cannot become co - owners of a sole proprietorship.

    The other options that those people could pursue is partnership. In partnerships, two or more individuals can be part-owners of their business establishment. The percentage of ownership could be determined based on how much capital they injected to the business.
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