Sole proprietorship: A sole proprietorship , also called a sole dealer, is owned by one individual and operates for their profit. The proprietor operates the enterprise alone and should hire employees A sole proprietor has unlimited legal responsibility for all obligations incurred by the business, whether from working costs or judgements towards the business. All property of the enterprise belong to a sole proprietor, including, for example, pc infrastructure, any stock , manufacturing gear, or retail fixtures , in addition to any real property owned by the only real proprietor.
As we enter 2011, we are dedicated to making more modifications to our enterprise. This contains persevering with with males’s clothes and a web based store, then adding girls’s clothing to the shop front this Spring. We really feel this will be a big increase for gross sales, and can allow our men’s aspect to develop as well. In addition, we shall be beginning our own men’s clothing line which was at all times part of the plan, however placed on maintain because of the price of having the store entrance.
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