enFISole-Proprietor10
proprietorship : Business owned and run by just one person
tax advantages : Provides a _________ for the owner.
buying and selling : To start you have to begin ___________ as a business.
government licenses : Obtain any required ______________ and permits.
personal income : All income is part of your __________
business expenses : Can be used to reduce the income
debts : Any _________ of the business are the responsibility of the owner.
failed business : May result in the owner losing almost everything
profits : The owner receives all _________ made by the business
money : Any ________ and other assets owned by the proprietor, whether used in the business or not, can be claimed by creditors to pay the business debts.
Sole-Proprietor
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Obtain any required ______________ and permits.
Can be used to reduce the income
To start you have to begin ___________ as a business.
May result in the owner losing almost everything
All income is part of your __________
Business owned and run by just one person
Provides a _________ for the owner.
The owner receives all _________ made by the business
Any _________ of the business are the responsibility of the owner.
Any ________ and other assets owned by the proprietor, whether used in the business or not, can be claimed by creditors to pay the business debts.