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Sole proprietorship: A sole proprietorship , often known as a sole dealer, is owned by one particular person and operates for their profit. The owner operates the business alone and may rent staff A sole proprietor has unlimited liability for all obligations incurred by the enterprise, whether or not from operating prices or judgements in opposition to the enterprise. All property of the business belong to a sole proprietor, including, for instance, pc infrastructure, any stock , manufacturing gear, or retail fixtures , as well as any actual property owned by the sole proprietor.

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