It is not uncommon for some entrepreneurs to make joint venture agreements free email address list philippines to form a firm to expand their business. Individual Company Persero As the name suggests a sole proprietorship company is a business entity whose business activities capital and management are handled by one person. Usually this person is also the manager or director of the company so he or she has unlimited responsibility. You could say the profits and losses are borne by him alone.
Characteristics of a sole proprietorship company The following are the characteristics of a sole proprietorship Owned by an individualself Limited or simple management Capital is not too large The survival of the business depends on the company owner Of course carrying out the task of being the founder of your own business is definitely not easy. Of course this kind of individual company also has its own advantages and disadvantages. Its a good idea for you to know what they are before deciding to build a business yourself.