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What is Sole Proprietorship Overview and Insights about?

A sole proprietorship is a simple and common business structure owned by one individual, where there is no legal distinction between the owner and the business. It features easy formation, direct management, and full entitlement to profits, but also carries unlimited liability and limited capital. This structure is suitable for small-scale enterprises requiring personal attention and minimal investment.

Author

MinazurRahmanRakib

Language

EN