Image Image Image Image Image Image Image Image Image

21 May

By

Sole Proprietorship

May 21, 2014 | By |

Share This

A sole proprietorship is a one-owner company that is not registered with the state as an LLC or corporation. The owner of a sole proprietorship is personally responsible for the debts and liabilities of the company and reports the company’s losses and profits on his or her personal taxes.

 

« Back to Glossary Index