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Business, 05.03.2021 01:00 sanchitcoolcham7362

g You stumbled upon a news that a local store (Movie rental, liquor, deli, bridal shop, etc) where the owner wants to retire next month. The owner, a sole proprietor, showed you proof that the store can generate $1 million in revenue with $100,000 in net income (profit) consistently over the past 25 years. The owner is willing to sell the business to you at $400,000 (you negotiate down from $500,000), which is something that you can finance without too much trouble. What type of business ownership should you choose to start this business

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