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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
But the issue of liability complicates the relative ease of setting up a sole proprietorship.
She opted out of the merger after a year to form a sole proprietorship in Marina Del Rey.
For midwives services, access limited to sole proprietorship only and economic needs test may be applied.
Indicate the name as it appears on the proof of legal status documentation, such as the proof of incorporation or sole proprietorship.
Like a sole proprietorship, it is relatively easy and inexpensive to set up.
All business debts will be discharged, as will all personal debts if the business is a sole proprietorship or a partnership.

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