A business ownership capitalization divided into hundreds or thousands of transferable shares of stock and must have at least five owners or investors.

A business that is owned by one person.

To be a proprietor:

A form of business has two or more owners bind themselves to contribute money, property, or industry into a common fund with the intention of dividing profits among themselves.

It is a business owned by one person. It is easy to set up and is the least costly among all forms of ownership. Commonly referred to as the entrepreneur, proprietor or owner. The owner has full control/authority of its own and owns all the assets, as well as personally answers all liabilities or losses.

A sole proprietorship is taxed only once.

A contract whereby two or more persons bind themselves to contribute money,   property, or industry into a common fund with the intention of dividing profits   among themselves.

What is the main disadvantage of being a sole proprietorship?

It is an artificial being created by operation of law, having the right of succession and  the powers, attributes and properties expressly authorized by law or incident to its existence.

Sole proprietors are personally liable for all debts and obligations of their businesses.

A corporation can extend its life for a period not exceeding

It is the paper evidence of ownership in a corporation. the certificate would indicate the type of stock (common, preferred), any restrictions pertaining to the sale of the stock, the number of shares, the par value, etc. 

A partnership begins simply by two or more individuals beginning business.

A partnership may be dissolved at any time by action of the partners or by operation of law.