Easy to start, the owner is his/her own boss and keeps all the profits. These are advantages of what type of business partnership corporation sole proprietorship law as one person is known as a A business that is owned by many people - stockholders, but treated by the 3 points corporation partnership sole proprietorship 3 points

## Step 1<br />The first part of the question describes a business where the owner is their own boss and keeps all the profits. This is a characteristic of a sole proprietorship. In a sole proprietorship, there is only one owner who has full control over the business and all the profits.<br /><br />## Step 2<br />The second part of the question describes a business that is owned by many people - stockholders, but treated as one person. This is a characteristic of a corporation. In a corporation, the business is considered a separate legal entity from its owners, and the owners are treated as shareholders.