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Setting Up Your Own Business: The Sole Proprietorship

Summary

The sole proprietorship is a popular and frequently used form of business organization. When your business is organized as a single proprietorship, the business entity and your other affairs (personal and business) are merged together. As the proprietor, you own and control the business. From the standpoint of nearly all legal rights and responsibilities, your sole proprietorship business and you, as the proprietor, are considered to be one and the same.