A Sole Proprietorship Is
A sole proprietorship also known as individual entrepreneurship sole trader or simply proprietorship is a type of an unincorporated entity that is owned by one individual only. A sole trader does not necessarily work alonethe sole trader can employ other people. Valuing Assets In A Sole Proprietorship Peak Business Valuation It is that type of business organization which is owned managed and controlled by a single owner. A sole proprietorship is . Definition of Sole Proprietorship. The owner of a sole proprietorship has sole responsibility for making decisions receives all the profits claims all losses and does not have separate legal status from the business. This type of business represents 73 percent of all businesses in the US. Furthermore a sole proprietor is a natural person not a legal personentity who fully owns and manages this type of entity. A sole proprietor is the beneficiary of all profits. The sole proprietorship is the simplest business form under which one