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v. t. e. A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people.
A study by the Kauffman Foundation of 570 high-tech firms started in 2004 showed that women-owned firms were more likely to be organized as sole proprietorships, both during their startup year and in the years to follow. Female entrepreneurs were also much more likely to start their firms out of their homes and were less likely to have employees.
All assets of the business belong to a sole proprietor, including, for example, a computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor. [6] A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited ...
Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability for the debts incurred by the business. This form is usually relegated to small businesses.
In Charles Howard Candler's 1950 book about his father, he stated: "On August 30 [1888], he [Asa Candler] became the sole proprietor of Coca-Cola, a fact which was stated on letterheads, invoice blanks and advertising copy." [25] With this action on August 30, 1888, Candler's sole control became technically all true.
This is a list of the world's largest non-governmental privately held companies by revenue.This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others.
small business: an organization that is small (in employees or revenue) and may or may not have the intention to grow. Many small businesses are sole proprietor operations consisting only of the owner, but many have additional employees. Some small businesses that offer a product, process or service, do not have growth as their primary objective.
Henry Tan Chi Sieng Sy Sr. (/ siː /; Chinese : 施 至 成; Pe̍h-ōe-jī : Si Chì-sêng; pinyin : Shī Zhìchéng; Zhuyin Fuhao : ㄕ ㄓˋ ㄔㄥˊ; [ 2 ] October 15, 1924 – January 19, 2019) was a Filipino businessman. Born in Fujian, he moved with his family to the Philippines at age 12. [ 3 ]