Sole Proprietor

Sole Proprietor – Business Entities

Sole Proprietor (Sole Trader) is the most common form of business organizational. It is generally one person doing business for themselves on their own property. Business owners may hire employees and are responsible for their actions. E.g. If an employee damages something or injures someone the business owner may be liable for any costs or […]

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business entity

Choosing A Business Entity

This is the first article in our Business Law series. This section covers the different types of business legal entities (legal types of business). It is important for business owners to understand the main differences between business organizations and which business organization is best for them as it affects: How the business is taxed. The […]

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business entity

What Are Business Entities?

Business entities are the different legally recognized forms of business organization. It refers to the way the business organization is structured. Each business organization has different rights and responsibilities inside and outside of the organization and each type of business entity has its advantages and disadvantages. Why is studying business entities important? Businesses aim to […]

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