A sole proprietorship is a business owned by a single person or by a husband and wife. Sole proprietorships are the most common and least expensive type of business to form, according to Lawyers.com.

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Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Khadija Khartit is a strategy, investment, and funding expert, and an ...

An individual who is running a business without the help of partners. The advantage of this way of doing business, is that control is in the hands of one person, as they are both owner and manager. A ...