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What do you understand by sole proprietorship in business?
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[QUOTE="uptrendfinancialsignal, post: 337537, member: 78381"] The sole proprietorship business are known to relatively inexpensive to set up and it is also very easy to maintain when you compared to other business structures such as the big corporations or the partnership businesses. However, it is very important to know that the major advantage of sole proprietorship is the unlimited personal liability which means that the assets of such business are at risk in the event of the business debt or there is any lawsuit and the owner bears the brunt. [/QUOTE]
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What do you understand by sole proprietorship in business?
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