Sole proprietorshipQuestion What is a sole proprietorship?
Answer A sole proprietorship is the legal structure of any company that is not a corporation, a limited liability company, or a partnership.
The most prominent fact about a sole proprietorship is that it affords the owner(s) no liability protection, and their personal assets may be in jeapardy if a legal claim is successfully filed against the business. Search further for other facts about this topic.  © 2007, Small Business Network, Inc., All Rights Reserved.
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