Sole Proprietorship
A sole proprietorship is the simplest form of business organization and exists when an individual is the sole owner of a business, and assumes all debts and obligations incurred by the enterprise.
The sole proprietor has unlimited liability and personal assets may be seized if obligations are not met.
Alberta Government Services
- Forms: Trade Names, Partnerships
- Obligations and Responsibilities After Incorporation or Registration
- Registering Trade Names, Partnerships and Limited Partnerships
Canada Business: Online Small Business Workshop
Date Updated: Jan 04, 2008
RDP-1013