Business & Finance: Newest Market Information & Evaluation The Times And The Sunday Times
A sole proprietorship, also referred to as a sole dealer, is owned by one person and operates for their profit. A sole proprietor has limitless liability for all obligations incurred by the business, whether from operating costs or judgments towards the business. All property of the business belong to a sole proprietor, including, for example, a computer infrastructure, any stock, manufacturing equipment, or retail fixtures, as nicely as any real property owned by the sole proprietor. Some specialised businesses may also require licenses, either because of laws governing entry into certain trades, occupations or professions, that require special education or …
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