ADENINE sole proprietorship is a business that can be our and controlled by a individual, a company or one limited liability partnership. There are no partners at the business.
The legal status of a sole proprietorship can be predefined as follows: Fictitious Name
- It is not a separate law entity for and business owner
- The business owner has unlimited liability (i.e. the business owner is personally liable for all the debts and losses of the sole proprietorship)
- It can appeal or be sued to the owner’s name
