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A sole proprietorship is a type of business entity that is owned and run by one individual. This means there is no legal distinction between the owner and the business.
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The sole proprietorship of the company was given to nicholas.
Yes, it is possible to convert a sole proprietorship into a different business entity, such as a partnership or a limited liability company (LLC). Consult with a legal professional to understand the process and requirements.
Sole proprietorship
A sole proprietorship is owned and ran by one person, a joint partnership is owned and ran by two or more people equally, and a stock company is owned by stockholders and ran by a CEO.
sole proprietorship is a type of business in which only one person controls the business and manages all other activiteis of business no legal restrictions on this type of business where as partnership and company has legal entity of their own
A partnership functions much like a sole proprietorship.
what is the prinicples of sole proprietorship
The main difference between a sole proprietorship and a partnership is that a sole proprietorship is owned and operated by one person, while a partnership is owned and operated by two or more people who share profits and responsibilities.
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