{"id":3374,"date":"2023-02-22T21:28:28","date_gmt":"2023-02-22T21:28:28","guid":{"rendered":"https:\/\/course.oeru.org\/ient102\/?page_id=3374"},"modified":"2023-02-22T21:28:28","modified_gmt":"2023-02-22T21:28:28","slug":"sole-proprietorship","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient102\/learning-pathways\/legal-forms-of-business\/sole-proprietorship\/","title":{"rendered":"Sole Proprietorship"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:302px;\"><a href=\"https:\/\/wikieducator.org\/File:Female_fitness_coach.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/wikieducator.org\/images\/thumb\/3\/34\/Female_fitness_coach.jpg\/300px-Female_fitness_coach.jpg\" width=\"300\" height=\"199\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">Female fitness coach<\/div>\n<\/div>\n<\/div>\n<p>A <b>business that is owned and run by one person<\/b> is generally called a <b>sole proprietorship<\/b>.\n<\/p>\n<p>Read the section on sole proprietorship in <a href=\"https:\/\/wikieducator.org\/images\/6\/62\/Business_ownership_comparison.pdf\" class=\"internal\" title=\"Business ownership comparison.pdf\">Forms of Business Ownership<\/a> <sup id=\"cite_ref-1\" class=\"reference\"><a href=\"#cite_note-1\">[1]<\/a><\/sup> to find out more about this form of business ownership and its pros and cons. You may find it helpful to complete the exercises at the end of the reading.<br \/>\n<br style=\"clear:both;\">\n<\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/ient102\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Research activity<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Search on the internet (or through a local business support agency) to find out:\n<\/p>\n<ul>\n<li> What terminology is used in your country for a business that is owned and run by one person\n<\/li>\n<li> What the main features are of this sort of business entity in your country\n<\/li>\n<\/ul>\n<p>\nThinking about your business idea and the factors that you thought were important in choosing a business ownership model, identify:\n<\/p>\n<ul>\n<li> Two advantages of using this form of business ownership for your start-up business\n<\/li>\n<li> Two disadvantages of using this form of business ownership for your start-up business\n<\/li>\n<\/ul>\n<p>\nIn your learning journal, make notes on what you have found out and where you found it (urls etc.), so that you can refer to it again. You will use this information for the learning challenge.\n<\/p>\n<p>Remember to tag or label your post using the course code: IENT102 (This is needed to harvest a link to your blog post in the course feed.)\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<ol class=\"references\">\n<li id=\"cite_note-1\"><span class=\"mw-cite-backlink\"><a href=\"#cite_ref-1\">\u2191<\/a><\/span> <span class=\"reference-text\"><a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/oasis.col.org\/handle\/11599\/2467\">VUSSL: The Business Environment<\/a><\/span>\n<\/li>\n<\/ol>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.038 seconds\nReal time usage: 0.044 seconds\nPreprocessor visited node count: 106\/1000000\nPreprocessor generated node count: 888\/1000000\nPost\u2010expand include size: 3359\/2097152 bytes\nTemplate argument size: 1887\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:181582-0!*!*!*!*!2!* and timestamp 20230222212827 and revision id 1057671\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/deciding-on-the-appropriate-form-of-business-ownership\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/partnership\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Sole\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"2c3484e15c84680fb9864eb700bd83ec\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Sole\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"2c3484e15c84680fb9864eb700bd83ec\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Female fitness coach A business that is owned and run by one person is generally called a sole proprietorship. Read the section on sole proprietorship in Forms of Business Ownership [1] to find out more about this form of business ownership and its pros and cons. You may find it helpful to complete the exercises [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3366,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3374","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/comments?post=3374"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3374\/revisions"}],"predecessor-version":[{"id":3375,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3374\/revisions\/3375"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3366"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/media?parent=3374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}