Answer:
• obtaining a business license
Step-by-step explanation:
A sole proprietorship is owned and managed by a single person. The owner is responsible for making all the big decisions regarding the business. The owner, also known as the sole proprietor, does not share profits and losses from the business with any other person.
A sole proprietorship is popular due to its ease of establishment and running. The owner only requires to register the business with the local authorities to begin operations. A sole proprietor has the option of picking a name for the business or operating it under their own. A sole proprietorship is treated as one entity with its owner in matters of taxation and liabilities.