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Sole Proprietorship Business Form A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest form of business organization to start and maintain. The business has no existence apart from you, the owner. Its liabilities are your personal liabilities. You undertake the risks of the business for all assets owned, whether used in the business or personally owned. You include the income and expenses of the business on your own tax return. Thanks for stopping by. Suzie Suzie's Family of Educational Weblogs Posted: Friday 20th May 2005, 2:07 AM

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