1. A business owned and operated by a single individual who has unlimited personal liability for the business's debts and obligations
She decided to start a sole proprietorship rather than form a corporation.
Ela decidiu iniciar uma empresa individual em vez de formar uma corporação.
2. The simplest form of business organization where one person owns all assets and is responsible for all liabilities
A sole proprietorship requires minimal paperwork to establish compared to other business structures.
Uma empresa individual requer documentação mínima para ser estabelecida em comparação com outras estruturas comerciais.