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Sole Proprietorship
Term category: General Business
In 10 words or less:  A business entity where only one person owns the business.

Definition: A business structure in which a single person owns and operates the entire business.

StockJargon Advice: Sole proprietorships are really easy to get started but they don't offer lots of flexibility. It's hard to take on investors and not easy to hire employees.

Sole proprietorships are taxed on the individual's income tax return.

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