Sole proprietorship: A sole proprietorship , also referred to as a sole dealer, is owned by one person and operates for their profit. The proprietor operates the business alone and will hire employees A sole proprietor has unlimited liability for all obligations incurred by the enterprise, whether or not from operating costs or judgements towards the business. All belongings of the enterprise belong to a sole proprietor, including, for instance, laptop infrastructure, any stock , manufacturing gear, or retail fixtures , in addition to any actual property owned by the only real proprietor.
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