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:
- Characteristics
- Formation
- Sources of capital
- Management
- Advantages
- Disadvantages
- 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.