Business Wikipedia
A sole proprietorship, also referred to as a sole trader, is owned by one individual and operates for their benefit. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments in opposition to the business. All assets of the business belong to a sole proprietor, including, for instance, a pc infrastructure, any stock, manufacturing gear, or retail fixtures, as nicely as any real property owned by the only real proprietor. Some specialized companies may require licenses, either because of laws governing entry into certain trades, occupations or professions, that require special…