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Who is a sole propertorship in a business

8 Answers

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A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner.
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A sole proprietorship is having a business without partners. Basically, he is the boss of his own company. He can have his own factory and employees who will work under his supervision.
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From my point of view, a sole proprietorship is the ownership of a business by one person, who received all of the profit, but it is responsible for all debts and obligations as well. It is the most common business format in big countries like United States, Britain, France, Russia, India,etc.
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A sole proprietorship is a form of business owned by an individual. It is one of the simplest form of business and it is not regarded as a legal entity. So an individual is responsible for the day to day running of the business including financial debts that accrued. 
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Sole proprietorship, also known as the sole trader individual entrepreneurship or proprietorship is a type of enterprise that is owned and run by one person and which there is no legal distinction between the owner and the business entity. 
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A sole proprietorship is a business owned organized and financed by one person and it is known as the most common business to setup.
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Sole propertorship is a simple business which involves only one person in running and managing the affairs of a business, the owner works in every area.
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Sole proprietorship is a business that is owned and controlled by an individual or a company who run and manage the business alone 
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