2. discuss at least one type of business model. (sole proprietorship, partnership, limited liability…

2. discuss at least one type of business model. (sole proprietorship, partnership, limited liability company, llc or corporation) review module 2.03 pg 2

2. discuss at least one type of business model. (sole proprietorship, partnership, limited liability company, llc or corporation) review module 2.03 pg 2

Answer

Brief Explanations:

A sole - proprietorship is a simple business model where an individual owns and operates the business. The owner has complete control, keeps all profits, but also bears all liabilities. It's easy to set up and has few regulatory requirements compared to other forms.

Answer:

Sole proprietorship is a type of business model where an individual is the sole owner, has full control over operations, retains all profits, and is personally liable for all business debts and obligations.