Difference between revisions of "Sole proprietorship"
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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*[[Regulatory Сompliance Quarter]]. | *[[Regulatory Сompliance Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 18:27, 4 January 2019
Sole proprietorship is a type of business organization that has one owner who assumes unlimited liability. That means that this owner is personally liable for paying the business' debt.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Sole proprietorship. A type of business organization that has one owner. This owner is personally liable for paying the business' debt.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
