Asked in Business Law
How can you use sole proprietorship in a sentence?
You can use sole proprietorship in a sentence in various ways. Here is an example, "In a sole proprietorship, you are solely responsible for the business operations." ...
Asked in Law & Legal Issues
Can a sole proprietorship have wages garnished for child support?
A sole proprietorship can have wages garnished for child support. There is no separation between the personal and business funds of a sole proprietorship. ...
Asked in Business & Finance, Philippines
What are some examples of sole proprietorship in the Philippines?
A sole proprietorship is a business that is owned solely. In the Philippines examples of sole proprietorship include shops, boutiques, and catering businesses. ...
Who receives the profit from a sole proprietorship?
Either the sole proprietor or the profit may be reinvested in the business in which case the sole proprietorship. ...
Asked in Business Law, Business and Industry
What is the purpose of Sole proprietorship?
The purpose of a sole proprietorship is whatever type of business you are running. A sole proprietorship is a business type with one owner. It does not offer the protections of an LLC or corporation. ...
Is the traditional way of running an organisation a sole proprietorship?
The traditional ways of running a business are sole-proprietorship, partnership, or via corporation. The easiest one to set up is the sole-proprietorship. ...
Asked in Business Taxes
Difference between sole proprietorship and partnership?
The difference between a sole proprietorship and partnership is how many owners the business has. A sole proprietorship means one owner, a partnership must have at least two owners. ...
Asked in Business Plans
Can you explain with an example a sole proprietorship?
A sole proprietorship is an unincorporated business owned by a single person. Most work from home businesses are sole proprietorships. ...
Asked in Business Law, Federal Laws
What is the title of the owner of a sole proprietorship?
The owner of a sole proprietorship can take on various titles. They can be called the owner or the CEO if they choose. ...
Is there any advantage to the owner of a sole proprietorship hiring herself as an employee?
This became illegal according to IRS rules about 20 years ago.