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Sole Proprietorship Overview in the Philippines by Mikhaela Divine Garcia is a document available to read on EtoBox.
What is Sole Proprietorship Overview in the Philippines about?
Sole proprietorships have a simple organizational structure with a single owner who has full control and responsibility over decision making, finances, and legal obligations. Key features include lack of legal formalities, unlimited liability for the owner, and risk and reward falling solely on the proprietor. There are two main types - self-employed business owners who run their own businesses, and independent contractors who are hired by other businesses but maintain independence.
- Author
- Mikhaela Divine Garcia
- Language
- EN