3.  A sole proprietorship, also known as the sole trader or
simple a proprietorship , is a type of business entity
that is owned and run by the individual in which there
is no legal destination between the owner and
business
 The owner reviews all profits and has unlimited
responsibilities for all losses and debits of the
business are the proprietors. It is a “sole”
proprietorship in contract with partnership
Sole
Proprietorship

4.  Easily established
 No parties or shareholders
 Only pay taxes on income generation.
 All after tax profits stays with the owner
 Minimal government regulation
 Owner’s capability
 Owner must bear all costs of setup and
maintenance
 No others to share burden or add experties
 Unlimited liability for debt.
 Unlimited liability for malpractice
Features

5.  We profile a few large companies that ware
started by sole proprietors
Examples

6. Problem Statement

7.  A business founder such as Joseph Rotberg
would be so emotional about how the company is
run and operated because in a family-run -
business ,emotion can be extremely powerful.
Emotion is important because family-run-business
is operated by family members( husband, wives,
sons, daughters, sons in law, daughter in law)
Emotion helps to minimize flights, arguments,
clashes, accusation between the family members
Solution to Problem No 1

8.  No, we think that Nalon Should not work out a
transfer-of-ownership plan with his father-in-law. A
succession planning is very important in a family
owned business because fights, arguments and
clashes which are common in a family run
business annoy family members mean that
efficiency suffers and profit can be los. Soto
become a successful in a family run business
succession business planning is very important.
Solution to Problem No 2

9.  Nolan has a great value like a group SOB ( Sons
of Bosses). The SOB had helped him to deal with
his father-in-la. The SOB offered him a set of
guidelines which can be useful in preventing
harsh, emotional conflict. He can receive clear job
responsibilities.
Solution to Problem No 3

10.  Yes, we think that it would be very informative for
Joseph Rothberg to attend as a guest, an SOB
meeting because it establishes a family council .
The SOB improves relationship within families so
that members can enjoy the personal benefits of
continuing a meaningful tradition which is very
important for Joseph Rothberg.
Solution to Problem No 4

11. 1. Family run business operated by family member
( husband, wives, sons, daughters, sons-in-law,
daughter-in-law, cousins, aunt, uncle )
2. Fights, argument and clashes that annoy family
member are some major problems of family-run-
business
3. Emotion is very powerful in a family run
business
4. Many training program, pamphlets and videos
are available to solve the problems in a family-
run-business
5. We should establish a family council to solve
Learning's

12. SWOT analysis means- strength, weakness,
opportunities and threats. In the sole
proprietorship the SWOT analysis is :-
 Strength
1. Independence of the
owner.
2. Applying creativity of the
owner
 Weakness
1. Unlimited liabilities
2. Can’t be large owing to
capital scarcity
 Opportunities
1. Easily established
2. Only pay taxes on income
generated
3. Minimal government
regulation
 Threats
1. Can be closed any time
2. Deprived of government
provided benefits

13.  The oldest, the most common form of private
business ownership in the United State is the. In
a sole proprietorship business owners achieves
many advantages such as ease of starting, freely
control, sole proprietorship in profits. There are
some disadvantages such as unlimited liability,
difficulty in raising capital. Despite there
problems, sole proprietorship still survives among
the large corporations
Conclusion

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