Sole proprietorship: A sole proprietorship , also known as a sole dealer, is owned by one individual and operates for his or her benefit. The owner operates the business alone and should rent employees A sole proprietor has unlimited legal responsibility for all obligations incurred by the enterprise, whether or not from operating costs or judgements towards the business. All assets of the business belong to a sole proprietor, together with, for example, computer infrastructure, any inventory , manufacturing equipment, or retail fixtures , in addition to any real property owned by the only real proprietor.
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