Results for: Proprietorship

In Business Law

What is sole proprietorship?

A sole proprietorship is an unincorporated business enterprise that is owned by a single individual who earns all the profits and is liable for all the losses and other obliga… ( Full Answer )
In Business Law

What is proprietorship?

an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
In Labor and Employment Law

What is a proprietorship?

A single proprietorship is a solely owned business where the owner fully finances their business with her/his own money and make all the decisions regarding the business opera… ( Full Answer )
In Business Accounting and Bookkeeping

How do partnerships differ from sole proprietorship?

Partnership differ in this sense in partnership there are more thanone owner of business while in sole proprietorship there is onlyone owner of business.
In Business & Finance

What is true of a sole proprietorship?

a sole proprietorship is owned and ran by one person. there is no clear delineation between the owner and the business. All debts and all assets are the owner's. as a result, … ( Full Answer )
In Business & Finance

Analyze the disadvantages of a sole proprietorship?

Liability is not limited to business assets in case of litigation proprietor's personal assets too can be garnished. Large corporations are wary of dealing with individual … ( Full Answer )
In Small Business and Entrepreneurship

Is a sole proprietorship expensive?

Expensive is in the eye of the beholder. You will have to check with your state's agency that regulates and issues business licenses in order to learn that information.
In Business & Finance

What is the major disadvantage of sole proprietorships?

Unlimited liability is the major disadvantage borne by the sole proprietorship. The owner is financially responsible for satisfying all business debts and/or losses suffered b… ( Full Answer )
In Cars & Vehicles

Can Sole Proprietorship own a car?

Yes, but the owner of the "sole proprietorship" would still have personal responsibility and liability in all matters relating to the vehicle.