Sole Ownership Enterprise

[Good-Person]

A sole proprietorship is a business that is solely owned by one natural person and in which there is no separation of the owner's rights from those of the company. In a sole proprietorship there some disadvantages when not tackled can cause breakdowns in your business

Many people may be partners but sometimes the business is acquired by some other person and the enterprise becomes a kind of company which is owned by a single person. Sole proprietorship might have disadvantages such as lack of better management because a single person might find it harder to manage a big business.

 

[Shigobad20201]

A sole proprietorship is a business that is solely owned by one natural person and in which there is no separation of the owner's rights from those of the company. In a sole proprietorship there some disadvantages when not tackled can cause breakdowns in your business

A sole ownership, it means you are the owner of your business and you have the final say over your business , you have the total profits to yourself and If your is not going well , you bear the loss alone .

 

[Kvngsammy]

Sole ownership is the commonest form of entrepreneurship and usually the least stressful as there's usually no need to document a lot of things but once the business becomes a Limited liability company or a partnership, then there's more to be done.

 

[Shigobad20201]

Sole ownership is the commonest form of entrepreneurship and usually the least stressful as there's usually no need to document a lot of things but once the business becomes a Limited liability company or a partnership, then there's more to be done.

Though sole ownership business can be stressful sometimes , but its the best form of business that one can do and have a peace of mind because you owns the profit of your business .

 

[Kvngsammy]

Though sole ownership business can be stressful sometimes , but its the best form of business that one can do and have a peace of mind because you owns the profit of your business .

It's not the best form in its entirety. How about those guys that have large corporations? They make a lot more than the average sole entrepreneur. If you want to expand your business, you'll need a lot of extra hands in your team.

 

[Laurentta]

Sole owner enterprise is a very nice form of business. In this kind of business, a single person owns it and makes the rules governing the management of the business.

 

[Shigobad20201]

It's not the best form in its entirety. How about those guys that have large corporations? They make a lot more than the average sole entrepreneur. If you want to expand your business, you'll need a lot of extra hands in your team.

I am using my own business mind as I am running a small business, though running a large business is more lucrative , but sometimes running a business alone and making your cool cash with peace of mind .

 

[Kvngsammy]

I am using my own business mind as I am running a small business, though running a large business is more lucrative , but sometimes running a business alone and making your cool cash with peace of mind .

That's correct. I was only looking out for beyond the now - of course everyone wants peace of mind when running their business and it's very important. The truth is there's usually no one approach to getting these things achieved.

 

[Sotherefore]

Sole ownership business is a business done by a single person. It's mostly done by people who have the required money needed to establish a full complete business . It has major advantage as you are the only one in direct control of every business assets. I love sole ownership business too

 

[Joseph555]

you start it as a small business and run it on your own. You become your own boss and enjoy the profits that comes with. The downside is that the profits will not be as much as when you start a bigger business with a partner.

 

[Shigobad20201]

Sole ownership business simply means a business being run by just one person , it might be a small venture or a big company , you can have workers working under you as the owner but the business belong to just ine person .

 

[Smiles20]

This kind of business is good because decisions are going to be taking very fast I have to understand that any loss that is been incured is going to be completely on one person.

 

[Eli342]

the single enterprise a sole proprietorship firm is one where the company is run by just one person. It is not a type of company I run on my own because I value partnerships more.