SOLE PROPRIETORSHIP
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Sole Proprietorships
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| A sole proprietorship is an unincorporated
business owned by one individual. It is the
simplest form of business organization to start
and maintain. Its liabilities are your
personal liabilities and you undertake the risks
of the business for all assets owned, whether
used in the business or personally owned. You
include the income and expenses of the business
on your own tax return. |
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