This is the first episode in a new philosophy of money series covering 5 major business units: Sole Proprietorship, Partnership, Co-operatives, Limited Liability Companies (LLC) & Public/state corporations.

Under each of these business units we'll cover:

1. Characteristics
2. Formation
3. Sources of capital
4. Management
5. Advantages
6. Disadvantages
7. Dissolution

This episode covers the most basic and simplest business unit which is the Sole Proprietorship.

Disclaimer: Majority of this information will be derived from a course text I used in High School in my business studies class called "Investor 2". This information is still however relevant to date.