Jonathan has graduated and wants to start a business. Which business entity gives him the most complete and exclusive control over the business and any business decisions?.

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21-10-2022
Business

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Jonathan has graduated and wants to start a business. Which business entity gives him the most complete and exclusive control over the business and any business decisions?.

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-10-25T09:54:46+02:00

Sole proprietorship in business entity gives Jonathan the most complete and exclusive control over the business and any business decisions.

A sole proprietorship, also known as a sole trader, is an unincorporated business with only one owner who is responsible for paying personal income tax on the company's profits. Due to a lack of governmental oversight, a sole proprietorship is the most straightforward type of business to start or dissolve.

As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small business begin as sole proprietorship, grow, and then convert to a limited liability entity or corporation.

To learn more about sole proprietor click here:

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