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A sole proprietorship is the simplest, default business structure where you are the sole owner of an unincorporated business. You automatically become one when you start selling goods or services alone. There is no legal separation between you and the business; you get all the profits but face unlimited personal liability.
A sole proprietorship is the simplest, default business structure where you are the sole owner of an unincorporated business. You automatically become one when you start selling goods or services alone. There is no legal separation between you and the business; you get all the profits but face unlimited personal liability.