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  1. Dictionary
    sole pro·pri·e·tor

    noun

    • 1. a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses: North American "he is the founder and sole proprietor of a retail store in Philadelphia"

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  2. www.investopedia.com › terms › sWhat Is a Sole Proprietorship? - Investopedia

    Jun 18, 2024 · A sole proprietorship is an unincorporated business with only one owner who pays personal income tax on profits earned. Sole proprietorships are easy to establish and...

  3. corporatefinanceinstitute.com › resources › managementSole Proprietorship - Definition, Advantages and Disadvantages

    A sole proprietorship is an unincorporated business that one person owns and manages. As the business and the owner are not legally separate, it is the simplest form of business structure. It is also known as individual entrepreneurship, sole trader, or simply proprietorship.

  4. www.forbes.com › advisor › businessWhat Is A Sole Proprietorship? – Forbes Advisor

    Feb 1, 2024 · A sole proprietorship is an unincorporated business with one owner. As soon as you embark on a solo side gig, freelance job, or a new business venture, you’re automatically a sole...

  5. en.wikipedia.org › wiki › Sole_proprietorshipSole proprietorship - Wikipedia

    A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people.

  6. www.xero.com › ph › glossaryWhat is Sole Proprietorship | Xero PH

    Sole proprietorship is a type of business with only one owner. The owner has complete authority over every aspect of the business. A sole proprietorship is not a separate legal entity – it’s considered an extension of the owner. But you can operate under a trade name, like “Bob Smith Plumbing.” Sole proprietorships are easy to set up.

  7. www.shopify.com › ph › blogWhat Is a Sole Proprietor? Pros and Cons + Examples (2024)

    Feb 11, 2023 · A sole proprietor is a person who runs an unincorporated business with a single owner. No legal distinction is made between you and the business. That means you are personally responsible for all aspects of the venture, including business debts, losses, and liabilities.

  8. www.financestrategists.com › tax › business-entitySole Proprietorship | Definition, Pros & Cons, and Tax...

    Jun 8, 2023 · A sole proprietorship is a business that is owned and operated by an individual. The owner is responsible for all aspects of the business, including liabilities and debts. A sole proprietor can use any name for their business as long as it is not being used by another business in the same area.