Sole Proprietorship

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Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including the Sole Proprietorship.


The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name.

Several RISK CONCEPTS bulletins covering alternative forms of business structure were recently posted and are available for download at: https://RightRisk.org/riskconcepts.

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