SOLE PROPRIETORSHIP
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minimal licenses
With ________ to obtain or separate forms to follow, sole proprietorships are relatively easy to form, easy to maintain, and easy to dissolve.
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partnerships
Unlike ________ and corporations, sole proprietorships generally enjoy fewer options to raise capital.
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individual entrepreneurship
A sole proprietorship, also known as a sole tradership, ________ or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.
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individual proprietor
A(n) ________ owns and manages the business and is responsible for all business transactions.
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Sole proprietors
________ have unlimited personal liability.
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establishment of a sole proprietorship
The ________ is generally an easy and inexpensive process.
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sole proprietor
The ________ pays only the personal income tax on the profits earned by the entity.
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