A sole proprietorship is owned by a single person or family, and the owner, is...
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A sole proprietorship is owned by a single person or family, and the owner, is personally responsible for all liabilities and debts. Some states have a form of business that shields a sole proprietor without the formalities of a regular corporation. This is called a Corporation a Partnership an S corporation a Limited Liability Partnership. 
A sole proprietorship is owned by a single person or family, and the owner, is personally responsible for all liabilities and
debts. Some states have a form of business that shields a sole proprietor without the formalities of a regular corporation.
This is called
a Corporation
a Partnership
an S corporation
a Limited Liability Partnership.
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