Sole proprietorship: A sole proprietorship , also called a sole dealer, is owned by one particular person and operates for his or her profit. The owner operates the business alone and should rent workers A sole proprietor has limitless liability for all obligations incurred by the business, whether or not from operating prices or judgements towards the business. All belongings of the business belong to a sole proprietor, including, for instance, pc infrastructure, any stock , manufacturing equipment, or retail fixtures , as well as any actual property owned by the only proprietor.
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