Sole proprietorship: A sole proprietorship , also referred to as a sole dealer, is owned by one person and operates for their profit. The owner operates the enterprise alone and may rent workers A sole proprietor has unlimited legal responsibility for all obligations incurred by the business, whether or not from operating prices or judgements towards the business. All assets of the enterprise belong to a sole proprietor, together with, for example, computer infrastructure, any inventory , manufacturing equipment, or retail fixtures , in addition to any actual property owned by the only real proprietor.
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