Difference between revisions of "Sole proprietorship"

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(Related coursework)
(Related coursework)
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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.
  
==Related coursework==
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==Related lectures==
 
*[[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

Related lectures