It is enough to describe a proposed business as a sole proprietorship in the business description section alone. Therefore, it's logically true.
A sole proprietorship simply refers to a form of business where there's only one owner who controls the business. Such a person bears the profit and the loss of the company alone.
It should be noted that it is enough to describe a proposed business as a sole proprietorship in the business description section alone. This is because it's usually a small business and owned by one person.
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