That is one of the advantages of a sole proprietorship.
Prior to issuance of a business license for sole proprietorship enterprise, the sole proprietor may not engage in any business in the name of the sole proprietorship enterprise.
A sole proprietorship enterprise shall fulfill its obligation to pay tax in accordance with the law.
Article3 A sole proprietorship enterprise's main place of business shall be its domicile.
The Dividends account is a "temporary"owners' equity account, similar to the owner's drawing account in a sole proprietorship.
Article21 A sole proprietorship enterprise shall set up accounting books and conduct accounting in accordance with the law.
The sole proprietor may not transfer or conceal the property of the sole proprietorship enterprise prior to full payment of its debt.
Hangzhou Lianli Electronics Factory is a private sole proprietorship enterprise equipped with advanced plug-in and welding lines.
Commercial law at the national, state( provincial), and municipal levels. Forms of organizational structure( e. g., sole proprietorship, partnership, corporation). Taxes. Occupational safety and health. Labor regulations. Ethics.
It is in the area of owners' equity that differences arise between accounting for a corporation and accounting for a sole proprietorship or partnership.
In Britain, the unlimited liability partnership is just like the sole proprietorship unless it is registered under the British Limited Partnership Act of 1907.
Article 31 Where the assets of a sole proprietorship enterprise are not sufficient to repay its debts in full, the sole proprietor shall contribute his other personal assets to cover the difference.
Article22 Where a sole proprietorship enterprise employs workers, it shall enter into labor contracts with the workers, and ensure workplace safety and make full and timely payment of wages.
Most sole proprietorships are relatively small business. The small scale reflects their limited financial resources.
Like sole proprietorships,general partners are personally responsible for any debt they owe and may lose all their personal property if the partner-ship goes broke.
From 1980 to 2005, the number of S-corporations, farms, sole proprietorships, and partnerships filing business returns grew by 572%, to 3.7 million.
