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A complete overview of the business structure.
A sole proprietorship is a type of business structure that is operated typically by one person. They are considered to be a sole trader. A good way to understand sole proprietorships, is to think of the owner of the business as self employed. Therefore, all the profits, and all the costs, are their responsibility. In a sole proprietorship, the owner can conduct and manage the business by themselves and still create a successful, running business.
