sole proprietorship definition

glossary: sole proprietorship definition

Glossary: sole proprietorship



Sole Proprietorship is a business owned and managed by one person, who is personally liable for all business debts and obligations. For tax purposes, the owner and his or her business are one entity, meaning that business profits are reported and taxed on the owner's personal tax return.

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Definition: sole proprietorship

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Glossary: sole proprietorship business plan definition - 2001-2003 HJ Ventures International, Inc.