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What is the definition of a sole proprietorship? A sole proprietorship is owned by a single individual whose personal assets are legally separated from the

What is the definition of a sole proprietorship?
A sole proprietorship is owned by a single individual whose personal assets are legally separated from the business assets.
A sole proprietorship is a business entity that is not legally separate from its owner.
A sole proprietorship is owned by a single individual but is financed by a venture capitalist.
A sole proprietorship is owned by a single individual who enjoys limited liability.
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