Sole Proprietorship

Introduction

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Many new business owners choose sole proprietorship because it is the simplest form to start and gives the owner complete control, for better or worse. Read this section, paying particular attention to the discussion on unlimited liability, as it is a significant drawback of sole proprietorships. You may find it interesting to try the exercise at the end of the section and locate a sole proprietor in your area.

A sole proprietorship is a business owned by only one person. The most common form of ownership, it accounts for about 72 percent of all U.S. businesses. It's the easiest and cheapest type of business to form: if you're using your own name as the name of your business, you just need a license to get started, and once you’re in business, you’re subject to few government regulations.

This text was adapted by Saylor University under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensor.

Callback before_footer in local_aigrade component should be migrated to new hook callback for core\hook\output\before_footer_html_generation

line 7225 of /lib/moodlelib.php: call to debugging()
line 7292 of /lib/moodlelib.php: call to {closure}()
line 71 of /lib/classes/hook/output/before_footer_html_generation.php: call to get_plugins_with_function()
line 987 of /lib/classes/output/core_renderer.php: call to core\hook\output\before_footer_html_generation->process_legacy_callbacks()
line 97 of /mod/book/tool/print/index.php: call to core\output\core_renderer->footer()