ASSINGMENT 1 1. Sole proprietor: A sole proprietor, also known as a sole trader is owned and run by one individual. The establishment costs can be raised either publicly or privately but typically the sole proprietor provides all the capital and takes all the risks. The risks involved are great as the sole proprietor has unlimited liability you have to make all the decisions yourself. Administering/managing is in the hands of the sole proprietor that needs to cover all aspects of the business…
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