Shakira's business is most likely an: Sole Proprietorship
Sole proprietorship is when a single person carries out the business on his own risk . He as an entrepreneur bears all loss and profit of the business and holds unlimited liability.
The main advantage of a sole proprietorship are the pass-through tax advantage, the easily creation, and the low fees for creation and maintenance. With a sole proprietorship, you don't requires to fill out a large amount of paperwork, like registering with your state.
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