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Sole proprietorship(soleproprietorship)A Sole proprietorship is a business which legally has noseparate existence from its owner. Hence, the limitations of liability enjoyed bya corporation do not apply. All debts of the business are debts of the owner.It is a "sole" proprietor in the sense that the owner has no partners. In some jurisdictions a business owned by a husband andwife jointly can still be considered a sole proprietorship, in others it would be considered a type of partnership.
sole propiretorship, business, sole proprieotrship, debts, sole proprietorhsip, husband, sole propritorship, jurisdictions, sole prprietorship, s... This article is completely or partly from Wikipedia - The Free Online Encyclopedia. Original Article. The text on this site is made available under the terms of the GNU Free Documentation Licence. We take no responsibility for the content, accuracy and use of this article. Anoca.org Encyclopedia 0.01s |