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Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability for the debts incurred by the business. This form is usually relegated to small businesses.
Hans Homberger was the third and last of the Rauschenbach heirs to run the factory as a sole proprietor. He had joined his father's company in 1934 and took control after his death in April 1955. In 1957 he added a new wing to the factory and in the same year set up a modern pension fund for the staff.
Many small businesses are sole proprietor operations consisting solely of the owner—or they have a small number of employees—and many of these small businesses offer an existing product, process or service and they do not aim at growth.
Oakley became sole proprietor of the theater in 1977 and managed the business until 1988. Today the theater is owned and operated as the Heritage Square Music Hall by T.J. Mullin who began as an actor for the 1973 opening night of the new Opera House and who later became a key figure in Opera House fame.
Sole proprietorship, in which the attorney is the law firm and is responsible for all profit, loss and liability; General partnership, in which all the attorneys who are members of the firm share ownership, profits and liabilities; Professional corporations, which issue stock to the attorneys in a fashion similar to that of a business corporation;
Typical "Wedgwood blue" jasperware plate with white sprigged reliefs. Wedgwood pieces (left to right): c. 1930, c. 1950, 1885 Wedgwood is an English fine china, porcelain and luxury accessories manufacturer that was founded on 1 May 1759 [1] by the potter and entrepreneur Josiah Wedgwood and was first incorporated in 1895 as Josiah Wedgwood and Sons Ltd. [2]
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