LIT 1
Western Governors University
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LIT 1: Task 310.1.2; Sole Proprietorship/ General Partnership/ Limited Partnership/ Corporation/ LLC .Part A and B. Study Guide.
LIT 1: Task 310.1.2; Sole Proprietorship/ General Partnership/ Limited Partnership/ Corporation/ LLC .Part A and B. Study Guide. 
 
Sole Proprietorship 
The Sole Proprietorship form of business is the simplest form of business and has a long 
history of existence however can be restrictive when it comes to taxation and business growth. 
Sole Proprietorship can be a company consisting of just the owner, or a small number of 
employees. The ease of setting up a Sole Proprietorship business is one ...