DBA/Sole Proprietorship

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business, and this may include debts, loans, loss, etc. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts.