Sole proprietorship: A sole proprietorship , also known as a sole dealer, is owned by one individual and operates for their benefit. The proprietor operates the business alone and should rent workers A sole proprietor has unlimited legal responsibility for all obligations incurred by the business, whether from working costs or judgements in opposition to the business. All belongings of the enterprise belong to a sole proprietor, including, for example, pc infrastructure, any inventory , manufacturing equipment, or retail fixtures , as well as any actual property owned by the sole proprietor.
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