1. Proprietorsh
ip

2. Definition
A sole proprietorship, also known as a sole trader or a simply a proprietorship a type of
business which is owned and run by one individual.

3. Advantages
Makes their own decisions.
Control over all the aspects of their business.
Least amount of government rules and regulations.
Raise capital either publicly or privately to limit the personal liability of
others, and limit risk to investors.
Few formal business requirements.
No corporate tax payments.

4. s
Sole proprietor can be held personally liable for debts and obligations of the business
Risk extends to any liabilities incurred as a result of acts committed by employees of the
company.
Most Sole Proprietors rely on loans and personal assets to initially finance their businesses.

5. Example

6. Googleable
• How much on average does a Sole Proprietorship make?
• What percentage of the U.S businesses are sole proprietorships?

7. Googleable
• Do you think it has what it takes to be a sole proprietor?
• Why do you think somebody would want to be a sole proprietor?