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A sole proprietorship is an unincorporated business that one person owns and manages. As the business and the owner are not legally separate, it is the simplest form of business structure. It is also known as individual entrepreneurship, sole trader, or simply proprietorship.
Weve compiled a list of eight different types of businesses that make good sole proprietorship examples. Freelance Writer. A freelance writer provides written content for clients, either for print or digital publication. Photographer. Personal Trainer. Plumber. Freelance Graphic Designer. Housekeeper. Bakery Owner. Tutor.
A sole proprietor is someone who owns an unincorporated business by themselves. If you are the sole member of a domestic limited liability company (LLC) and elect to treat the LLC as a corporation, you are not a sole proprietor.
However, the business owner is personally liable for all debts incurred by the business. Examples of sole proprietors include small businesses such as, a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer, etc.
The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation.
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Related Q&A to The three most common organization are sole proprietorship Business Form

Some examples of famous companies that started as sole proprietorships include: AW: J. Willard Marriott famously started a root beer stand as a sole proprietorship that eventually became the AW restaurant chain. He did this before eventually forming the Marriott hotel chain in 1957.
Understanding common businesses operated by sole proprietors can help you decide if it is the right structure for you. Run a Bookkeeping Business. Provide Home Healthcare. Be a Financial Planner. Run a Landscaping Company. Computer Repair Services. Run a Catering Company. Offer Housecleaning Services. Be a Freelance Writer.

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