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Restaurant > Sole Proprietorship

The following information is about Sole Proprietorship.

Sole Proprietorship Defined

A business owned and run by one person. This business structure is a common form for small businesses. This structure is the simplest and least expensive legal structure, but can have high costs in lost tax advantages and increased personal liability.

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Off-site Sole Proprietorship Links, User Submitted

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  • How to start up a Sole Proprietorship: Sole proprietorship is kind of a business where the whole responsibility is taken by a solo businessman. This is the most primitive from of business and it can be set up with least hassles and formalities.

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