California Sole Proprietorship Definition
California Sole Proprietorship
DEFINITION
California Sole Proprietorship is set up to allow an individual to own and operate a business. A sole proprietor has total control, receives all profits from and is responsible for taxes and liabilities of the business. If a sole proprietorship is formed with a name other than the individual’s name (example: Bob Jones Bike Shop), a Fictitious Business Name Statement must be filed with the county where the principal place of business is located.
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Arizona Member
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