Answer:
1.Legal Name:
Your business's legal name is the name that is listed on your formation documents. Brand Name: Your business's brand name is the name that you use to market your company. It is the name that clients see and use.
2.a business owned by only one person:
A sole proprietorship is a business owned by only one person. Advantages include: complete control for the owner, easy and inexpensive to form, and owner gets to keep all of the profits.
3business form has important tax and liability consequences associated with it:
.Because each business form has important tax and liability consequences associated with it, it is important to understand the different business form options. ... Though a sole proprietorship may be a fairly basic business form, licensing and legal requirements still apply and should be fully understood and considered.
