ENTREPRENEURSHIP

Detailed explanation-1: -Examples of sole proprietors include small businesses such as, a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer, etc.

Detailed explanation-2: -Many times, computer repair businesses are run by lone proprietors. While some business owners work from offices, others run retail stores. Small computer repair shops frequently serve customers by themselves. Computer maintenance services is one of the most famous sole proprietorship examples.

Detailed explanation-3: -A 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.

Detailed explanation-4: -sole ownership; unlimited liability for the sole proprietor; the sole proprietor not having to share profits; and. minimal formalities.