# Sole proprietorship |  | A **Sole proprietorship**, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people. | |-|-| | | wikipedia:: [Sole proprietorship](https://en.wikipedia.org/wiki/Sole_proprietorship) |