BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people.

Detailed explanation-2: -The sole proprietorship is a type of enterprise that is owned and run by one person. Therefore, there is no legal distinction between the owner and the business entity.

Detailed explanation-3: -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.

Detailed explanation-4: -Sole Proprietorship: A business owned and operated by one individual, with no legal distinction between the business and the owner. Partnership: A business owned by two or more people. Corporation: An independent legal entity owned by shareholders who are not personally liable for the company’s debts or liabilities.

Detailed explanation-5: -Sole Proprietorship A type of business entity that is owned and run by one individual – there is no legal distinction between the owner and the business. Sole Proprietorships are the most common form of legal structure for small businesses. Taxation: A sole Proprietorship has pass-through taxation.