SOLE PARTNERSHIP

Sole Partnership

Sole Partnership

A sole proprietorship is belongs to and functioned by one person. This is the simplest and smallest costly enterprise structure to form. Many start-up businesses select this pattern until it becomes functional to go in into a joint project or to incorporate. One of the benefits of the sole proprietorship is the alleviate of formation. There are less lawful limits and it is the smallest costly to form (James D. Cox, 1997).

The charges alter as asserted by the town in which the enterprise is formed, but generally encompass a permit charge and may encompass a ...