Sole Proprietorship vs. One-Person Corporation | 3 August 2023

Sole Proprietorship vs. One-Person Corporation

A sole proprietorship is a business owned and operated by one person. It is a form of business organization with only one proprietary owner, a single individual who conducts business under his own name or a business name.

(p.3, Commentaries and Jurisprudence on the Revised Corporation Code of the Philippines, Aquino, 2020)

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