Asked by
Kelsha Dennis
on Nov 28, 2024
Verified
In a sole proprietorship, the owner is not the business.
Sole Proprietorship
A business owned and operated by a single individual, with no separation between the business and the owner.
Owner
An individual or entity that has the legal right, title, and interest in property or assets.
Business
An entity engaged in commercial, industrial, or professional activities with the aim to produce profit or fulfill a charitable mission.
- Become familiar with the key features and legal responsibilities associated with conducting business as a sole proprietorship.
Verified Answer
GM
Learning Objectives
- Become familiar with the key features and legal responsibilities associated with conducting business as a sole proprietorship.
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