Business name or sole proprietorship

A Sole Proprietorship Business is the simplest form and structure of Business Registration. As the name implies, a Sole Proprietorship is not really a legal entity per se, but rather a reference to the owner of the Business who is also personally responsible for the Debts and liabilities of that Business or Entity

It is an Unincorporated Business that is owned and controlled by one person who pays Personal Income Tax (PIT) on profits that he or she might have earned from the Business
Other names for Sole Proprietorship are

• Sole Trader
• Proprietorship
• Individual Entrepreneurship