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A sole proprietorshiphttps://businessnewstoday.xyz also called a sole trader or a proprietorshiphttps://businessnewstoday.xyz is an unincorporated business with a single owner who pays private earnings tax on income earned from the business. A limited legal responsibility firm is a corporate structure in the United States wherein the company members are not personally answerable for the corporate’s debts or liabilities. A sole proprietorshiphttps://businessnewstoday.xyz as its name suggestshttps://businessnewstoday.xyz is a business owned and operated by a single pure person. There is no authorized separation between the business and the proprietor; the tax and legal liabilities of the business are thus that of the owner.

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