Homework Answers
Below are the details in the question
The individual in question: Jason Ford
An entity owned: Sole owner of bicycle shop
As Jason is the sole owner of the entity and liability of the entity is also will be sole responsibility.
Hence, Sole proprietorship is the appropriate business type. In Sole proprietorship personal liability will be unlimited as an entity is handled by Jason only. In sole proprietorship entity and the owner will not be seen separately.
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