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The most common form of business organization in the united states is owned and run by a single individual. Personally and fully responsible for all losses and debt in a business. According to irs more than 70% of all businesses are sole. Study with quizlet and memorize flashcards containing terms like the most common form of business organization is, liability, a.
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Terms in this set (10) b (the sole proprietorship) the most common form of business organization is a.