sole proprietorship

Tag: sole proprietorship

Sole Proprietorship

Sole Proprietorship Definition The sole proprietorship definition is a private business owned and operated by one individual. Furthermore, a proprietorship is unincorporated and is not a legal entity separate from its owner. As a result, the owner earns all of the profits and incurs all of the losses from business operations. Therefore, the sole proprietor

Read More

Revocable Trust

See Also: Pension Plans Keogh Plan Credit Life Insurance 401k Individual Retirement Account (IRA) Revocable Trust Definition A revocable trust is an agreement between a grantor and trustee where it transfers profit generating assets to the trustee. However, the grantor is still able to generate income from the assets. The grantor is also able to

Read More

Bankruptcy Chapter 13

See Also: Bankruptcy Costs Chapter 11 Bankruptcy Bankruptcy Code Chapter 12 Bankruptcy Bankruptcy Courts Bankruptcy Information Chapter 7 Bankruptcy Bankruptcy Chapter 13 Explanation Bankruptcy Chapter 13 is a type of bankruptcy proceeding outlined in the Bankruptcy Code. Furthermore, Chapter 13 is a financial reorganization procedure that applies to individual consumers and sole proprietorships. When a

Read More
WIKICFO® - Browse hundreds of articles
Skip to content