Sole Proprietorship##Meaning, Definition, Characteristics, Merits & Demerits ##Class 11 B.st ## Ch 2
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Why would you register a company instead of a business name or a sole proprietorship? A sole proprietorship is owned by one person, but a company is a separate legal entity. That means the company can own property, enter contracts, and incur debts in its own name. A company offers limited liability, so your personal assets are generally protected from business debts. If you're planning to grow your business, bring in investors, or separate your personal assets from the business, a company may be
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Remember free Bank to Mpesa and Airtel Money Transfers with your I&M personal account? Now they have extended to Solo Biz (sole proprietor) Account. This is an account suitable for business owners who are sole proprietors Download the I&M OTG Personal App here https://l.linklyhq.com/l/1ohw7 and open your Solo Biz Account. #NiSareKabisa @Alma Rastagyal
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