Sole proprietorship: A sole proprietorship , also called a sole trader, is owned by one person and operates for their profit. The owner operates the enterprise alone and should rent staff A sole proprietor has limitless legal responsibility for all obligations incurred by the business, whether or not from operating prices or judgements in opposition to the business. All assets of the enterprise belong to a sole proprietor, together with, for instance, computer infrastructure, any stock , manufacturing tools, or retail fixtures , in addition to any real property owned by the sole proprietor.

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