When two people agree to mutually pursue an economic venture can they do so as sole proprietors

That statement is false

Sole proprietors is a type of business which ownership is fully controlled by one single individuals. By definition, two people cannot become co - owners of a sole proprietorship.

The other options that those people could pursue is partnership. In partnerships, two or more individuals can be part-owners of their business establishment. The percentage of ownership could be determined based on how much capital they injected to the business.