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What is a sole proprietorship?

What is a sole proprietorship? Here are some definitions.

Noun
  1. (law) A business that is wholly owned by a single person, who has unlimited liability.
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Examples
Indicate the name as it appears on the proof of legal status documentation, such as the proof of incorporation or sole proprietorship.
For midwives services, access limited to sole proprietorship only and economic needs test may be applied.
The enterprise may be an incorporated company, partnership, or sole proprietorship.
Think about the legal structure of your business: are you starting a sole proprietorship, a partnership or a corporation?
An individual in this case also means a sole proprietorship or partnership.
Like a sole proprietorship, it is relatively easy and inexpensive to set up.

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