Sole Proprietorship (not an entity)

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continuity

ends on death- assets distributed through probate

taxation

entity not taxed- owner taxed

fiduciary

n/a

consent to transfer

no

ease of formation

no filing owner simply operates a business

entity agreement name(s)

none

control

one owner

business assets owned by?

owner

form of ownership

owner

management group name

owner

name of owners

owner

transferability

transfer assets vs. interest in entity

liability

unlimited


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