Sole Propietorship

Sole Propietorship

Sole proprietorship is the simplest business structure in which a single person operates a business and owns all of its assets. The disadvantage to being a sole proprietor is that the owner has full personal liability for all debts and actions arising from the operation of the business. When starting or continuing a business, you should consult with an attorney to decide the best type of entity under which to operate your business.

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