Question

The truly great thing about owning the business is that you are indeed the boss. You get to set the strategy, plan and execute the business to your liking. However, keep in min that along with ownership comes some very real head aches.

Do yo have a small business in mind?

Answer 1

A small business that comes to mind when discussing the advantages and disadvantages of business ownership is a sole proprietorship.

Step-by-step explanation:

A small business that comes to mind when discussing the advantages and disadvantages of business ownership is a sole proprietorship. A sole proprietorship is a type of business organization where one person owns and operates the business. The owner maintains complete control of the business, makes all the decisions, and enjoys all the profits. However, along with ownership also comes unlimited liability, meaning the owner is personally responsible for all debts and obligations of the business.