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  • What is the most common legal structure for a small busin...
Multiple choice

What is the most common legal structure for a small business?

  1. Partnership

  2. Sole trader

  3. Private company

  4. Public company

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The sole trader structure is the most common legal form for small businesses due to its simplicity, low setup costs, and ease of management.

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