Sole Proprietorship

Property	Value
A technical identifier, unique in a certain context. Technical key	LF165
Language-specific name. Monolingual name	Sole Proprietorship (en)
Language-specific short name. Monolingual short name	Sole Prop'ship (en)
Informal and comprehensive human-readable definition of a concept. Description	A business owned and operated by a single individual who assumes full responsibility for the business's operations, finances, and liabilities. The owner retains all profits and has complete control over decision-making. However, the owner is personally liable for any debts or legal obligations incurred by the business. Sole proprietorships are easy to set up and dissolve, making them a popular choice for small-scale businesses and freelancers.