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2 years ago

Explain sole proprietorship

Business

1 answer:

jonny [76]2 years ago

6 0

Explanation:

A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.sole proprietorship is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business. The legal status of a sole proprietorship can be defined as follows: It is not a separate legal entity from the business owner.

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Credit Bonds payable $2,700,000

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Explain sole proprietorship​

Explain sole proprietorship