Enterprises / Sole Proprietorship or Individual
Proprietorship is a business entity owned by a single person. Individuals can make an individual entity without permission and ordinances tententu. All people are free to make personal business without any limit to set it up. In general, small capital proprietorship, limited the type and quantity of production, have labor / workers are few and the use of simple technology production equipment. Examples of private companies such as grocery stores, itinerant handyman meatballs, hawkers, and so forth.
characteristics and properties of individual companies:
- Relatively easy to set up and also dissolved
- The responsibility is not limited and can involve personal property
- No taxes, there are fees and charges
- All the advantages enjoyed by itself
- Difficult to organize because the company set its own wheels
- A small profit which sometimes have to sacrifice more income
- Long time business entities are not limited or lifetime
- Any time transferable
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