Sole proprietorship business signifies exclusive ownership of small business enterpeise. In other words, sole proprietorship decribe that business which is owned by one individual a man or woman. this form of business usually attracts many people who are tired of working for government or for someone else and are also eager to be independent.
They use their little savings to start business as sole proprietors. With this kind of busineess you need to take several legal action. There are no serious organization expenses; no formal requirement for publicity. Any person who engages in business activities - buys, sells or provide a service under his own name is the proprietor of the business. It may be part-time or full-time