Business Organizations And Governance Must Have Cover Page And

Business Organizations and GovernanceChristina ForresterInstitutional affiliation:Business Organizations and GovernanceSole ProprietorshipSole proprietorship is one of the simplest business structures that is operated and owned by same individual (Blair, & Marcum, 2015, p. 249). It is thus not complex and does not require a lot of legal filings as seen in other forms of business structures such as corporations. The sole proprietorship is unique form of business structure since it allows the owner to file business income and expenses on their individual tax returns (Blair, & Marcum, 2015, p. 249). Sole proprietorship is attractive and suitable to most of the small investors since they do not have a lot of requirements to start. The owner of the business is also entitled to all the profit. However, this business structure can be risky because the owner is liable to all the debt and losses. The owners can also be legally liable to offences committed by the business or their employees. Therefore, sole proprietorship can be deduced or simply concluded that the owner is the business. The reason being any progress or lay