Answer :
Sole proprietorship is a legal concept that holds a business owner personally responsible for all the debts of the business.
What is sole proprietorship?
- Sole proprietorship is also known as tradership is an individual proprietorship or n entrepreneurship which is a kind of enterprise that is owned and ran by a person where there is no legal distinction between the business entity and the owner.
- A sole trader or proprietor doesn't necessarily wok alone and they can employ other people for the same.
- Some examples of sole traders or proprietors are as follows,
- Small businesses, freelance writers, local clothes, freelance graphic designers, local clothes store, grocery stores artists etc.
To learn more about sole proprietorship, refer
https://brainly.in/question/1538649
#SPJ4