Sole proprietorship: A sole proprietorship , also identified as a sole trader, is owned by a single individual and operates for their advantage. The owner operates the business alone and could employ employees A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory , manufacturing equipment, or retail fixtures , as effectively as any true house owned by the sole proprietor.
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