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Sole Proprietorship
(redirected from Sole proprietors)

    Also found in: Legal, Wikipedia 0.06 sec.
Sole Proprietorship
A business organization that is unincorporated and has only one owner.

Notes:
The other two types of organizational structures are partnerships and incorporated companies (corporations).

Sole proprietorship
A business owned by a single individual. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations.


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