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Answer to What does it take to become a sole proprietor? What are the advantages of this form of business ownership? How does a l…

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  1. What does it take to become a sole proprietor? What are theadvantages of this form of business ownership?

          

  1. How does a limited liability partnership differ from ageneral partnership in terms of liability?

          

    

  1. Why would someone choose to franchise? What are theadvantages to owning a franchise?
  2. Like many entrepreneurs, Troy Smith started Sonic as a soleproprietorship, then took on a partner, and eventually offeredfranchises. What advantages did he enjoy at each stage of Sonic’... View full description