What is a sole proprietorship?

What is a sole proprietorship?

What is a sole proprietorship?

Levi May-01-2023 09:30:40

372 days ago

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1 Answer

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A sole proprietorship is a type of business structure in which a single individual owns and operates the entire business. The owner of the business is solely responsible for the profits, losses, liabilities, and taxes associated with the business. As the sole proprietor, the owner has the right to make all decisions and is typically the only one personally liable for any financial obligations of the business.

Aaliyah

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answered 22 Aug 2023

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