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3.4.2: Sole Proprietorship

  • Page ID
    58805
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    Learning Objective

    1. Describe the sole proprietorship form of organization, and specify its advantages and disadvantages.

    A sole proprietorship is a business owned by only one person. The most common form of ownership, it accounts for about 72 percent of all U.S. businesses (The National Data Book, 2011). It’s the easiest and cheapest type of business to form: if you’re using your own name as the name of your business, you just need a license to get started, and once you’re in business, you’re subject to few government regulations.


    3.4.2: Sole Proprietorship is shared under a CC BY-NC-SA license and was authored, remixed, and/or curated by LibreTexts.

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