What is a sole proprietor?

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asked Jun 1, 2023 205k views

2 Answers

Bukka · Answer 1 · 2023-06-02T15:12:56+0000

Answer: A sole proprietor simply put is litterally someone who Is the executive, Exclusive and Only owner of a business. This means they control everything. This also means they take losses but take 100%_ of profits (after taxes)

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Peter Boncz · Answer 2 · 2023-06-05T05:59:37+0000

Answer:

A sole proprietor is someone who owns an unincorporated business by himself or herself. An unincorporated business can include an upcoming start-up in the making that didn't get a large reputation for itself yet.

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What is a sole proprietor?

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