MGM102H5 : Ch. 6 study guide
Document Summary
All you have to do to start a sole proprietorship is buy or lease the needed equipment (e. g. , a saw, a word processor, a tractor, a lawn mower) and put up some announcements saying you are in business. I t is just as easy to get out of business; you simply stop. There is no one to consult or to disagree with about such decisions. You may have to get a permit or licence from the local government, but often that is no problem. As noted earlier, this is one of the most common reasons cited for starting a sole proprietorship. Working for others simply does not have the same excitement as working for yourself at least, that"s the way sole proprietors feel. You may make mistakes, but they are your mistakes. And so are the many small victories encountered each day. People who own and manage their own businesses are rightfully proud of their work.
