You can have a whole company as a member of an LLC. Its characteristics are similar to that of a corporation and a partnership business. Sole Proprietorship Definition Examples Advantages What Is It Some of the salient characteristics of small business enterprises are stated below. . To help the average person understand when they have a valid contract we have set forth the elements of a contract below. In a small business enterprise capital is supplied by an individual or a small group of individuals. If the business is conducted under an assumed name a name other than the surname of the individual then an assumed name certificate commonly. Sole Proprietorship or General Partnership Before you begin. All the profits and losses are. A sole proprietorship is the most common type of business structure. Be an eligible corporation. Sole proprietorship person fizik A business owned and managed by one individual...