What is the most common form of retail store ownership?

The most common form of retail store ownership is sole proprietorship, where one person owns and runs the store. It’s pretty simple to set up and gives the owner full control over decisions. Lots of small shops, like local grocery stores or boutiques, are run this way. The downside is the owner is personally responsible for any debts or problems. Still, it’s popular because it’s straightforward and easy to manage.