Lara owns and operates market place, a venue for growers, crafters, and others to sell their goods, without creating a separate business organization. She receives all the profits from the vendors’ fees and concession sales. This is most likely.

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Nerdlife6708 Nerdlife6708

02-11-2022
Business

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Lara owns and operates market place, a venue for growers, crafters, and others to sell their goods, without creating a separate business organization. She receives all the profits from the vendors’ fees and concession sales. This is most likely.

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-11-13T05:27:09-05:00

Since Lara is carrying out her business activities without creating separate business organization, this is most likely a sole proprietorship.

An unincorporated firm owned and managed by a single individual is known as a sole proprietorship. This is the most simple type of corporate structure because the owner and the company are not legally distinct. It is sometimes referred to as sole proprietorship, personal entrepreneurship, or just sole proprietor.

The business owner, also referred to as a proprietor or a trader, uses their legal identity to conduct business. Additionally, they have the option of registering a trade name with their local authority and conduct business under a different name. The most straightforward and inexpensive type of company to start is sole proprietorship. It is typical among micro businesses, contract workers, and other self-employed people due to this.

Learn more about sole proprietorship here:

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