Nyu Stern School Of Business

A sole proprietorship or sole dealer is an unincorporated business with a single proprietor who pays personal income tax on earnings earned from the business. In this case, the company is publicly traded and has sure reporting and operating restrictions, not like smaller companies that may function independently of regulators. Multinational conglomerates like General Electric and Walmart are examples of corporations. These firms embody household eating places, home-based companies, clothing, books and publishing corporations, dog strolling businesses, and people who run trades. Profits are typically low, however enough to sustain the operations, so long as the business owner are able to run in the black. The time period business refers to a company or enterprising entity engaged in business, industrial, or professional activities.

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