Question

Define ‘Sole proprietorship’.​

Answer 1

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A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Answer 2

Answer:

A sole proprietorship also referred to as a Sole Or a Proprietorship is an unincorporated business that has just one owner who pays personal income tax on proprietorship in the easiest type of business to establish or take apart, due to a lack of government regulation....